Financial Data Transparency Act Joint Data Standards
The CFPB is seeking public comment on an interagency proposed rule establishing data standards to promote interoperability of financial regulatory data across these agencies.
Open notices
The notices listed below are currently open for public comment. For each notice, click through to view the Federal Register notice where you can read the full notice and select the “Submit a formal comment” option to contribute.
Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work
The Consumer Financial Protection Bureau (CFPB) is proposing this interpretive rule to help participants in the market for paycheck advance products determine when certain existing requirements under Federal law are triggered. The proposed interpretive rule also addresses certain costs that are in substantial connection with extensions of such credit, such as expedited delivery fees and costs marketed as “tips.”
Streamlining Mortgage Servicing for Borrowers Experiencing Payment Difficulties (Regulation X)
The CFPB proposes to streamline existing requirements when borrowers seek to modify their mortgage in times of distress, add safeguards when borrowers seek assistance, and revise existing requirements with respect to borrower assistance. The CFPB also proposes to add requirements to provide certain communications in languages other than English.
Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V)
The CFPB is seeking public comment on a proposed rule amending Regulation V, which implements the Fair Credit Reporting Act (FCRA), concerning medical information.
Request for Information regarding Mortgage Closing Costs
The Consumer Financial Protection Bureau is seeking comments from the public related to fees charged by providers of mortgages and related settlement services.
Use of Digital User Accounts to Access Buy Now, Pay Later Loans
The CFPB is issuing this interpretive rule to clarify that lenders clarifies that these lenders are “card issuers” for purposes of Regulation Z because the term “credit card” encompasses digital user accounts that consumers use to access Buy Now, Pay Later (BNPL) credit.