On Nov. 20, 2019, the Consumer Financial Protection Bureau (CFPB) released its Fall 2019 Rulemaking Agenda. The agenda contains the regulatory areas and issues the CFPB plans to address from Oct. 1, 2019 to Sept. 30, 2020. In summer 2020, the CFPB expects to issue a Notice of Proposed Rulemaking (NPRM) relating to Home Mortgage Disclosure Act (HMDA) data points and coverage of business and commercial purpose loans. The CFPB also expects to issue an NPRM regarding the public disclosure of HMDA data in light of privacy concerns. The CFPB plans on taking final action regarding a NPRM related to reconsideration of mandatory underwriting requirements for payday loans. The CFPB also plans to issue a proposal this year to amend the Remittance Rule and the temporary exception for estimated fees and exchange rates.


John Zasada, JD, CAMS – Compliance Consulting Director, Financial Institutions Group. John can be reached at zasada@doeren.com.