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Rulemakings
The following rulemakings are outstanding. Some agencies may accept comments after the deadline. For completed regulatory comments in a particular subject area, visit the appropriate Issues page or Regulatory Reform and Consumer Financial Protection Bureau.
All of the CFPB's requests for comment can be viewed here. All agencies' open rulemakings, and submitted comments, can be viewed at http://www.regulations.gov, which is searchable by docket number and other means.
Remittance Transfers
April 9, 2012 deadline to respond to the CFPB's request for comments on proposed changes to the rule on remittance transfers. The Bureau seeks comments on whether safe harbors should be included for certain businesses and whether recurring, preauthorized remittance transfers should be subject to the same disclosure requirements as one-time transfers.
Motor Vehicle Sales, Financing and Leasing
April 1, 2012 deadline to respond to Federal Trade Commission's request for comments on consumer issues in the sale, financing and leasing of cars and other motor vehicles.
Information on Credit Card Pricing and Fees
March 19, 2012 deadline to respond to the CFPB's request for comments on the collection of information on credit card pricing and fees, including whether the information is important and useful and ways to enhance the quality, usefulness, and clarity of the information to be collected.
CFPB Streamlining Regulations
March 5, 2012 deadline to respond to CFPB request for comments on ways that the regulations it has inherited, in all of the areas it covers, can be streamlined, and to respond to questions about ATM fee disclosures, privacy notices, HMDA and racial data reporting, stay-at-home spouse credit card ability to pay requirements and disclosures for mobile banking.
April 3, 2012 deadline to submit comments in response to the streamlining comments submitted by other parties.
CFPB's Credit Card Complaint Data
January 30, 2012 deadline to respond to request for comments on disclosure of credit card complaint data.
CFPB "Know Before You" Owe Projects
The Consumer Financial Protection Bureau is seeking public input on new forms for comparing and understanding the costs of mortgages, student loans, and credit cards.
Private Student Loans
Jan. 17, 2012 deadline to respond to CFPB's request for comments on experiences with private student loans. NCLC Comments.
Financial Inclusion
Nov. 14, 2011 deadline to reply to Treasury request for comments on activities to improve access to bank accounts and other financial products. NCLC comments.
Credit Union & CUSO Payday Lending
Sept. 26, 2011 deadline to comment on proposed rules, 76 Fed. Reg. 44866 (proposed July 21, published July 27, 2011), permitting National Credit Union Administration to examine and more closely scrutinize credit union service organizations (CUSOs). NCLC comments urging scrutiny of CUSOs and credit unions doing payday lending.
Preemption of Alternative Mortgages
Sept. 22, 2011 deadline to comment on proposed interim final rule of the Consumer Financial Protection Bureau regarding preemption under Alternative Mortgages Transaction Parity Act. NCLC Comments.
Consumer Financial Protection Bureau
August 15, 2011 deadline for comments on defining the larger participants in various nonbank markets who should be subject to CFPB examination, including debt collection, consumer reporting, consumer credit, money transmitting, check cashing, prepaid cards and debt relief services.
Consumer Groups' Comments to Bureau of Consumer Financial Protection Regarding Larger Participant Rulemaking, August 15, 2011
Overdraft and Bank Payday Loans
Issue Brief: 300% Bank Payday Loans Spreading, August 2011, Press Release, Group Comments, Sample Comments to the Federal Banking Regulator (OCC) Opposing High Overdraft Fees and 300% Interest Bank Payday Loans, August 8, 2011
Mortgages
July 22, 2011 NCLC-CRL Comments Regarding Ability to Pay and Qualified Mortgages
June 10, 2011 deadline to comment: On March 29, federal banking regulators published a proposed new regulation defines which loans mortgages lenders can sell without keeping the 5% risk retention now required for all but the newly defined Qualifed Residential Mortgages (QRM).
Garnishment of Social Security and Other Federal Benefits
May 24, 2011 deadline to comment on Interim Final Rule, 76 Fed. Reg. 9939 (Feb. 23, 2011), protecting bank accounts containing Social Security, SSI and other federal benefits from being frozen in response to a garnishment order. Comments may be filed at www.regulations.gov by entering "3206-AM17" in the keyword field. NCLC Comments
Earlier NCLC Comments on Proposed Rule prohibiting banks from freezing Social Security and SSI funds. Sample letter.
Student Loans
NCLC Recommendations for Department of Education Negotiated Rulemaking, May 2011
Truth in Lending
May 2, 2011 deadline to comment on proposed rules, 76 Fed. Reg. 11,598 (Mar. 2, 2011), that implement Dodd-Frank requirements for establishing escrow accounts and providing related disclosures for consumers with higher-priced mortgage loans. NCLC Comments.
July 22, 2011 deadline to comment: The proposal would implement statutory changes made by the Dodd-Frank Act that expand the scope of the ability-to-repay requirement to cover any consumer credit transaction secured by a dwelling (excluding an open-end credit plan, timeshare plan, reverse mortgage, or temporary loan). In addition, the proposal would establish standards for complying with the ability-to-repay requirement, including by making a "qualified mortgage." The proposal also implements the Act's limits on prepayment penalties. Finally, the proposal would require creditors to retain evidence of compliance with this rule for three years after a loan is consummated. NCLC Comments.
Payment of Social Security, SSI on Prepaid Cards
April 25, 2011 extended deadline to comment on interim final rule permiting direct deposit of Social Security, SSI and other federal payments to prepaid cards that meet certain criteria, including lack of a line of credit and protection under Regulation E. NCLC Comments
Earlier NCLC Comments on Proposed Rule permitting Direct Deposit of Federal Wages and Benefits to Prepaid and Stored Value Cards, July 13, 2009
Mortgages: Truth in Lending Act
December 23, 2010 deadline to comment on proposed rules, 75 Fed. Reg. 58539 (Sept. 24, 2010) extensively revising Regulation Z, including rules for rescinding illegal loans, disclosures for loan modifications, definitions of higher priced mortgages, reverse mortgages and other items. One-page summary of rescission proposal and Sample Comments. NCLC Comments.