Regulatory Developments
Comment Due
Date Final
Effective
Date To Do
2014: Credit-Related
July 11, 2014: CFPB Guidance regarding brokers shifting to “mini-correspondent” model.
http://files.consumerfinance.gov/f/201407_cfpb_guidance_mini-correspondent-lenders.pdf X 7/11/14
July 11, 2014 : CFPB interpretive rule clarifying that the Ability-to-Repay Rule incorporates the existing
definition of “assumption” under Regulation Z.
http://files.consumerfinance.gov/f/201407_cfpb_bulletin_mortgage-lending-rules_successors.
pdf
X 7/11/14
July 1, 2014: Interagency (Prudential agencies and CSBS) Guidance for Home Equity Lines of Credit
Nearing Their End-of-Draw Periods.
http://www.fdic.gov/news/news/press/2014/pr14052.html
X 7/11/14
May 22, 2014 : Federal Reserve final rule to amend Regulation V identity theft prevention program
provisions to clarify application of the rule.
http://www.federalreserve.gov/newsevents/press/bcreg/20140522a.htm
X 5/22/14
May 6, 2014: CFPB Amendments to the 2013 Mortgage Rules under the Truth in Lending Act (Regulation Z).
https://www.federalregister.gov/articles/2014/05/06/2014-10207/amendments-to-the-2013-
mortgage-rules-under-the-truth-in-lending-act-regulation-z
7/7/14
April 9, 2014: CFPB Minimum Requirements for Appraisal Management Companies.
https://www.federalregister.gov/articles/2014/04/09/2014-06860/minimum-requirements-for-
appraisal-management-companies
6/9/14
2014: Deposit/Operations Related
May 13, 2014: Amendment to the Annual Privacy Notice Requirement Under the Gramm-Leach-Bliley Act
(Regulation P).
https://www.federalregister.gov/articles/2014/05/13/2014-10713/amendment-to-the-annual-
privacy-notice-requirement-under-the-gramm-leach-bliley-act-regulation-p
6/12/14
April 25, 2014: CFPB Remittance Rule – Temporary Exception (Regulation E).
https://www.federalregister.gov/articles/2014/04/25/2014-09036/electronic-fund-transfers-
regulation-e
5/27/14
January 23, 2014: CFPB amendment to regulation Defining Larger Participants of the International
Money Transfer Market.
http://files.consumerfinance.gov/f/201401_cfpb_proposed-regulations_defining-larger-
participants-intl-money-transfer-market.pdf
4/1/14
2014: Other
None.
Regulatory Developments Cutoff Date: July 11, 2014. Please note the Major Regulatory Developments list does not include routine announcements such as HMDA data
availability, Regulation Z high cost trigger changes. Please refer to http://www.consumerfinance.gov/the-bureau/ or your institution’s prudential regulator website for these
and other similar updates.
