CFPB Updates - 1/4/2013
New Comment Call on CFPB Trial Disclosure Policy
As the Credit Union National Association (CUNA) reported in the December 14, 2012 Regulatory Advocacy Report, the Consumer Financial Protection Bureau (CFPB) is considering whether to allow credit unions and other financial services companies to conduct trial consumer disclosure programs on a case-by-case basis. In line with the agency’s proposal, a new CUNA Comment Call was posted on January 4, 2103 online. Credit unions are encouraged to weigh in on this proposal, and provide comments by Friday, February 1, 2013.
CUNA Seeks Additional Input and Releases Survey on New CFPB Remittance Transfers Proposal
The CFPB has issued a new proposal on remittance transfers that would delay the effective date and refine three elements of the final rule. CUNA has provided an updated comment call and survey on the new proposal. Leagues and credit unions are encouraged to submit comments to CUNA regarding the delayed effective date by January 11, 2013, and submit the survey and comments to CUNA on the rest of the proposal by January 22, 2013.
CUNA is planning to host a call for leagues and credit unions that offer international remittance services regarding the CFPB’s pending changes to its remittances rule on January 14, 2013 at 2 to 4 PM CT.
Chart on CFPB Rulemakings: Updated 1/4/2013
Credit union representatives now have access to a chart that highlights various rulemaking projects that are being undertaken by the Consumer Financial Protection Bureau (CFPB). The projects are required by the Dodd-Frank Act. The chart covers topics like Reg Z, Appraisals, Reg B and more. Click here to view the updated chart.
A CUNA username and password are required to access the chart.