The Consumer Financial Protection Bureau’s (CFPB) newly released spring rulemaking agenda contains a number of items of importance to credit unions, including many that could add to the already heavy regulatory burden.
CUNA has advocated that certain rulemakings should be narrowly tailored to focus on less-regulated participants in the financial services marketplace and those who caused the financial crisis, and will continue to do so as they evolve and move through the rulemaking process.
Some highlights of the rulemaking agenda include:
In addition, the agenda contains mentions of potential clarifications to the bureau’s Truth in Lending Act-Real Estate Settlement Procedures Act integrated disclosure rule. CUNA has provided the bureau with a number of clarifications and requests for further information that it hopes to see.