Semiannual Regulatory Agenda
| Published date | 22 February 2023 |
| Record Number | 2023-02037 |
| Court | Consumer Financial Protection Bureau |
| Section | Proposed rules |
11320
Federal Register / Vol. 88, No. 35 / Wednesday, February 22, 2023 / UA: Reg Flex Agenda
1
The listing does not include certain routine,
frequent, or administrative matters. The Bureau is
reporting information for this Unified Agenda in a
manner consistent with past practice.
2
See https://www.reginfo.gov/public/jsp/
eAgenda/UA_About.myjsp.
BUREAU OF CONSUMER FINANCIAL
PROTECTION
12 CFR Ch. X
Semiannual Regulatory Agenda
AGENCY
: Bureau of Consumer Financial
Protection.
ACTION
: Semiannual Regulatory Agenda.
SUMMARY
: The Consumer Financial
Protection Bureau (Bureau) is
publishing this agenda as part of the
Fall 2022 Unified Agenda of Federal
Regulatory and Deregulatory Actions.
The Bureau reasonably anticipates
having the regulatory matters identified
below under consideration during the
period from December 1, 2022, to
November 30, 2023. The next agenda
will be published in Spring 2023 and
will update this agenda through Spring
2024. Publication of this agenda is in
accordance with the Regulatory
Flexibility Act (5 U.S.C. 601 et seq.).
DATES
: This information is current as of
September 30, 2022.
ADDRESSES
: Consumer Financial
Protection Bureau, 1700 G Street NW,
Washington, DC 20552.
FOR FURTHER INFORMATION CONTACT
: A
staff contact is included for each
regulatory item listed herein. If you
require this document in an alternative
electronic format, please contact CFPB_
Accessibility@cfpb.gov.
SUPPLEMENTARY INFORMATION
: The
Bureau is publishing its Fall 2022
Agenda as part of the 2022 Unified
Agenda of Federal Regulatory and
Deregulatory Actions, which is
coordinated by the Office of
Management and Budget (OMB) under
Executive Order 12866. The agenda lists
the regulatory matters that the Bureau
reasonably anticipates having under
consideration during the period from
December 1, 2022, to November 30,
2023, as described further below.
1
The
complete Unified Agenda is available to
the public at the following website:
https://www.reginfo.gov.
Consistent with procedures
established by OMB’s Office of
Information and Regulatory Affairs,
2
the
Bureau’s active agenda is divided into
five sections: pre-rule stage; proposed
rule stage; final rule stage; long-term
actions, completed actions. Generally,
the pre-rule through final rule stages
sections list items the Bureau plans to
issue within the next 12 months.
Rulemakings in the pre-rule stage are
listed with a date of November 2023, the
end of the reporting period, as a
placeholder only. The long-term actions
are listed for informational purposes, if
a regulatory action is anticipated
beyond that one-year time frame.
Completed actions are those that have
been published as final or are
withdrawn.
Rohit Chopra,
Director, Consumer Financial Protection
Bureau.
C
ONSUMER
F
INANCIAL
P
ROTECTION
B
UREAU
—P
RERULE
S
TAGE
Sequence No. Title Regulation
Identifier No.
499 .................... Required Rulemaking on Personal Financial Data Rights .............................................................................. 3170–AA78
C
ONSUMER
F
INANCIAL
P
ROTECTION
B
UREAU
—P
ROPOSED
R
ULE
S
TAGE
Sequence No. Title Regulation
Identifier No.
500 .................... Amendments to FIRREA Concerning Automated Valuation Models .............................................................. 3170–AA57
C
ONSUMER
F
INANCIAL
P
ROTECTION
B
UREAU
—F
INAL
R
ULE
S
TAGE
Sequence No. Title Regulation
Identifier No.
501 .................... Small Business Lending Data Collection Under the Equal Credit Opportunity Act ........................................ 3170–AA09
CONSUMER FINANCIAL PROTECTION
BUREAU (CFPB)
Prerule Stage
499. Required Rulemaking on Personal
Financial Data Rights [3170–AA78]
Legal Authority: 12 U.S.C. 5533
Abstract: Section 1033 of the Dodd-
Frank Wall Street Reform and Consumer
Protection Act (Dodd-Frank Act)
provides that, subject to rules prescribed
by the Bureau, a covered entity (for
example, a bank) must make available to
consumers, upon request, transaction
data and other information concerning a
consumer financial product or service
that the consumer obtains from the
covered entity. Section 1033 also states
that the Bureau must prescribe by rule
standards to promote the development
and use of standardized formats for
information made available to
consumers. In November 2020, the
Bureau published an Advance Notice of
Proposed Rulemaking (ANPRM)
concerning implementation of section
1033, accepting comments until
February 2021. In October 2022, the
Bureau released materials in advance of
convening a panel under the Small
Business Regulatory Enforcement
Fairness Act (SBREFA), in conjunction
with the Office of Management and
Budget and the Small Business
Administration’s Chief Counsel for
Advocacy. The Bureau’s next step in the
rulemaking is to convene the SBREFA
panel and issue a report summarizing
feedback received from the panel.
Timetable:
Action Date FR Cite
Request for Infor-
mation. 11/22/16 81 FR 83806
Principles State-
ment. 10/18/17
ANPRM ............... 11/06/20 85 FR 71003
ANPRM Comment
Period End. 02/04/21
SBREFA Outline 10/27/22
SBREFA Report .. 02/00/23
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Federal Register / Vol. 88, No. 35 / Wednesday, February 22, 2023 / UA: Reg Flex Agenda
Regulatory Flexibility Analysis
Required: Yes.
Agency Contact: Michael Scherzer,
Office of Regulations, Consumer
Financial Protection Bureau,
Washington, DC 20552, Phone: 202 435–
7700.
RIN: 3170–AA78
CONSUMER FINANCIAL PROTECTION
BUREAU (CFPB)
Proposed Rule Stage
500. Amendments to Firrea Concerning
Automated Valuation Models [3170–
AA57]
Legal Authority: 12 U.S.C. 3354
Abstract: The Bureau is participating
in an interagency rulemaking process
with the Board of Governors of the
Federal Reserve System, the Office of
the Comptroller of the Currency, the
Federal Deposit Insurance Corporation,
the National Credit Union
Administration, and the Federal
Housing Finance Agency (collectively,
the Agencies) to develop regulations to
implement the amendments made by
the Dodd-Frank Wall Street Reform and
Consumer Protection Act (Dodd-Frank
Act) to the Financial Institutions
Reform, Recovery, and Enforcement Act
of 1989 (FIRREA) concerning automated
valuation models. The FIRREA
amendments require implementing
regulations for quality control standards
for automated valuation models
(AVMs). In February 2022, the Bureau
initiated the process under the Small
Business Regulatory Enforcement
Fairness Act of 1996 (SBREFA) for this
rulemaking and released an outline of
proposals and alternatives under
consideration for the SBREFA panel,
made up of representatives of small
businesses that might be affected by the
rulemaking. The Bureau released a final
SBREFA report on May 13, 2022. The
Agencies will continue to work to
develop a proposed rule to implement
the Dodd-Frank Act’s AVM
amendments to FIRREA.
Timetable:
Action Date FR Cite
SBREFA Outline 02/23/22
SBREFA Report .. 05/13/22
NPRM .................. 03/00/23
Regulatory Flexibility Analysis
Required: Yes.
Agency Contact: Pedro De Oliveira,
Office of Regulations, Consumer
Financial Protection Bureau,
Washington, DC 20552, Phone: 202 435–
7700.
RIN: 3170–AA57
CONSUMER FINANCIAL PROTECTION
BUREAU (CFPB)
Final Rule Stage
501. Small Business Lending Data
Collection Under the Equal Credit
Opportunity Act [3170–AA09]
Legal Authority: 15 U.S.C. 1691c–2
Abstract: Section 1071 of the Dodd-
Frank Wall Street Reform and Consumer
Protection Act (Dodd-Frank Act)
amended the Equal Credit Opportunity
Act (ECOA) to require, subject to rules
prescribed by the Bureau, financial
institutions to report information
concerning credit applications made by
women-owned, minority-owned, and
small businesses. In September 2020,
the Bureau released an outline of
proposals under consideration and
alternatives considered in advance of
convening a panel under the Small
Business Regulatory Enforcement
Fairness Act (SBREFA), in conjunction
with the Office of Management and
Budget and the Small Business
Administration’s Chief Counsel for
Advocacy. The SBREFA panel was
convened in October 2020 and received
feedback from representatives of small
entities on the impacts the rules the
Bureau is considering to implement
section 1071 would have on small
entities likely to be directly affected by
the rulemaking. The panel’s report was
completed and released in December
2020. On October 8, 2021, a Notice of
Proposed Rulemaking (NPRM) was
published in the Federal Register. The
Bureau’s next action for the section
1071 rulemaking is the issuance of a
final rule.
Timetable:
Action Date FR Cite
Request for Infor-
mation. 05/15/17 82 FR 22318
Request for Infor-
mation Com-
ment Period
End.
09/14/17
SBREFA Outline 09/15/20
Pre-Rule Activ-
ity—SBREFA
Report.
12/14/20
NPRM .................. 10/08/21 86 FR 56356
NPRM Comment
Period End. 01/06/22
Final Rule ............ 01/00/23
Regulatory Flexibility Analysis
Required: Yes.
Agency Contact: Kristine Andreassen,
Office of Regulations, Consumer
Financial Protection Bureau,
Washington, DC 20552, Phone: 202 435–
7700.
RIN: 3170–AA09
[FR Doc. 2023–02037 Filed 2–21–23; 8:45 am]
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