Rulemakings Archive

2011‐2012

FDIC Underbanked Survey

  • Dec. 18, 2012 deadline to comment on survey that will be conducted in 2013 to identify efforts by financial institutions to reach underbanked, factors that impede access to bank accounts, and the size of the unbanked market.

Credit Union Small Dollar Loans

  • Nov. 26, 2012 deadline to submit comments to NCUA, 77 Fed. Reg. 59346 (Sept. 27, 2012), RIN 3133–AE08, about whether credit unions should be permitted to charge a higher application fee or interest rate for small dollar loans, or make bigger, small, longer or shorter loans. NCLC Comments.

Integrated Mortgage Disclosures

  • November 6, 2012 and September 7, 2012 deadlines to respond to CFPB request for comment on a proposed rule that creates integrated mortgage disclosures to satisfy RESPA (Reg. X) and TILA (Reg. Z) requirements. The deadline to address the delay of the effective date is September 7. Comments on all of the remainder of the proposed rule are now due November 6. NCLC CommentsShort Group CommentsNCLC Early Comments.

High Cost Loans and Mortgage Counseling

  • November 6, 2012 and September 7, 2012 deadlines to submit comments on rules proposed by the CFPB to implement the Dodd-Frank changes to TILA and RESPA governing high cost loans and pre-loan and homeownership counseling. Comments on the impact of a more inclusive finance charge on the scope of HOEPA have been extended to November 6. The remainder of the comments are due September 7. NCLC Comments (Sept. 7, 2012)

Financial Education

  • Oct. 31, 2012 deadline to respond to the CFPB's request for comments on effective financial education approaches that will help improve consumers' financial decision-making capabilities.

CFPB Strategic Plan

  • October 25, 2012 deadline to submit comments on the CFPB's strategic plan for 2013-2018.

Gift Cards

  • October 22, 2012 deadline to respond to CFPB proposal to preempt state laws that escheat gift cards to the state in less than five years. NCLC Comments.

Mortgage Loan Originator Compensation, Credit Insurance, Arbitration

  • October 16, 2012 deadline to comment on proposed rules by CFPB, RIN 3170-AA13, restricting mortgage loan originator compensation, arbitration and credit insurance and addressing registration of originators. NCLC Comments.

Mortgage Appraisals & Higher Risk Mortgages

  • October 15, 2012 deadline to comment to CFPB on proposed rules requiring that home loan borrower be given a copy of appraisals and requiring appraisals requiring appraisals for higher-risk mortgages.

Mortgage Servicing

Medical Debt Collection

Reverse Mortgages

  • August 31, 2012 deadline to respond to CFPB request for information on reverse mortgages, including the factors that contribute to the use of reverse mortgages and the long-term effects of reverse mortgages on consumers.

Mobile Payments

Senior Financial Scams

  • August 20, 2012 deadline to respond to CFPB request for information on financial scams that target seniors and on the resources available to educate and counsel seniors. Comments

Mobile Devices: Privacy and Security

  • July 13, 2012 deadline to response to FCC request for comment on the privacy and data security practices and requirements governing information stored on mobile devices.

Prepaid Cards

"Qualified" Mortgages and Ability-to-Pay

  • July 9, 2012 deadline to submit additional comments to the CFPB on the types of mortgages that should be deemed presumptively safe and their level of protection from liability. Previous notice at 76 Fed. Reg. 27390 (May 11, 2011). NCLC comments.

Overdraft

  • June 29, 2012 deadline to respond to the CFPB's request for comments on the impact of overdraft programs on consumers. The Bureau seeks comments on the costs, benefits and risks to consumers of these programs. Consumer Group Comments to CFPB on Overdraft Programs June 29, 2012

Consumer Arbitration Agreements

  • June 23, 2012 deadline to respond to the CFPB's request for information on the scope, sources, and methods to use to conduct a study on the impact of arbitration agreements on consumer financial products and services.

Fee Harvesting Credit Cards

  • June 11, 2012 deadline to respond to the CFPB's request for comments on the proposed rule that would limit the Bureau's rulemaking authority to restrict fees on credit card accounts only to those fees assessed during the first year that a credit card account is opened. The Bureau seeks comments on the potential benefits, costs, and impacts of this proposal. NCLC CommentsShorter Coalition Comments

EBT Public Benefits Cards

  • June 11, 2012 deadline to respond to the CFPB's request to submit comments to HHS on fees or other access barriers to use of EBT cards and on implementation of ban on access at casinos and other restricted locations. NCLC Comments and Appendices

College Student Prepaid and Debit Cards

  • June 6, 2012 deadline to submit comments to the Department of Education on the issues in connection with the electronic disbursement of federal financial aid, including use of school-arranged prepaid and debit cards. NCLC Comments.

CFPB Streamlining Regulations

  • June 4, 2012 deadline to submit comments in response to the streamlining comments submitted by other parties. NCLC Comments, June 4, 2012
  • March 5, 2012 deadline to respond to CFPB's 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. NCLC CommentsShorter Coalition Comments, Mar. 5, 2012.

Debt Collectors and Credit Reporting Agencies Subject to CFPB Supervision

  • April 17, 2012 deadline to respond to CFPB's request for comments on proposed definition of the "larger participants" in the debt collection and consumer reporting markets who will be subject to examination and supervision by the CFPB. NCLC Comments, April 18, 2012, Shorter Coalition Comments, April 17, 2012

Payday Lending

  • April 23, 2012 deadline to respond to CFPB request for comments on the impact of payday loans and deposit advances on consumers. The Bureau seeks comments on whether certain consumer classes are harmed or helped by such products and if the answer depends on the type of lender that issues the loan. NCLC Comments, April 23, 2012. Shorter Coalition Comments

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.

Debt Collectors and Credit Reporting Agencies Subject to CFPB Supervision

  • April 17, 2012 deadline to respond to CFPB's request for comments on proposed definition of the "larger participants" in the debt collection and consumer reporting markets who will be subject to examination and supervision by the CFPB. NCLC Comments, April 18, 2012, Shorter Coalition Comments, April 17, 2012

Payday Lending

  • April 23, 2012 deadline to respond to CFPB request for comments on the impact of payday loans and deposit advances on consumers. The Bureau seeks comments on whether certain consumer classes are harmed or helped by such products and if the answer depends on the type of lender that issues the loan. NCLC Comments, April 23, 2012. Shorter Coalition Comments

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'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.
  • Mortgage disclosure forms: For proposed new forms to combine existing disclosures required by the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). The CFPB is also considering proposed changes to TILA (Reg. Z) and RESPA (Reg. X). Group informal comments to the CFPB, April 18, 2012.

Energy Efficiency Financing

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.

Magnuson-Moss Warranty Act

  • Comments in response to the FTC's request for comments in connection with its review of its rules under the Magnuson-Moss Act, which provides protections regarding warranties on consumer goods, Oct. 24, 2011

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. NCLC Comments.

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

Preemption

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).

Remittances

  • July 22, 2011 deadline to submit comments on proposed rules governing disclosures and error resolution rights for consumers who send remittance transfers to foreign countries. 76 Fed. Reg. 29902 (May 23, 2001), Docket No. R–1419, RIN 7100–AD76. NCLC Comments.

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

Credit Scores

  • April 14, 2011 deadline to comment on proposed rule requiring creditors to disclose credit scores and related information to consumers in risk-based pricing and adverse action notices under the Fair Credit Reporting Act. NCLC Comments.

Interchange Fees

  • February 22, 2011 deadline to respond to proposed rules from the Federal Reserve implementing the interchange fee limits of the Dodd-Frank Act, including the definition of prepaid cards exempted from the limits. NCLC Comments.

111th Congress (2009‐2010)

 

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. NCLC Comments.


Mortgage Advertising

  • November 15, 2010 deadline to comment on the FTC's proposed rules to ban deceptive mortgage ads.


    Mortgage Licensing Rules

    • March 5, 2010 deadline to comment on proposed rules, 74 Fed. Reg. 66548, on the minimum state standards under the Secure and Fair Enforcement Mortgage Licensing Act (SAFE Act) for licensing loan originators.
      - NCLC Comments


    Student Loans

    • September 9, 2010 deadline to comment on the DOE's NPRM on Program Integrity: Gainful Employment
      - NCLC Comments, Sept. 8, 2010

    UDAP

    • Comments of the NCLC and NACA Regarding Advance Notice of Proposed Rulemaking Relating to Unfair or Deceptive Acts or Practices, November 2007