The Bureau of Consumer Financial Protection issued its Fall 2018 rulemaking agenda this week, with several items reflecting CUNA’s advocacy with the bureau. The agenda is a snapshot of the bureau’s regulatory priorities over the coming months into 2019.
Timelines on the agenda may not reflect the exact timing of regulatory actions, which depends on different factors at each agency.
Items of interest for credit unions include:
The agenda does not list any rulemaking action on overdrafts, which CUNA has advocated for. Additional details can be found on CUNA’s Removing Barriers Blog.
Executive branch federal agencies are required by the Regulatory Flexibility Act to publish regulatory agendas twice a year. While the bureau is an independent agency, it voluntarily participates in the process.