CFPB Fall Regulatory Agenda Released

CFPB Fall Regulatory Agenda Released

December 6, 2016, Covington Alert

Without much fanfare, the Consumer Financial Protection Bureau (the “Bureau,” or “CFPB”) recently released its Fall Unified Regulatory Agenda (“URA”), which describes the Bureau’s regulatory priorities for the next six months. The URA outlines fairly ambitious plans for the coming months, including final action on the controversial arbitration rule and the commencement of “pre-rule activities,” such as convening Small Business Regulatory Enforcement Fairness Act (“SBREFA”) panels if necessary, on overdrafts, debt collection, and several other rules. Although announced just last week, the preamble to the CFPB’s URA states that it is current as of October 19, 2016. Given the outcome of the November election, however, it is far from certain whether the CFPB will be able to adhere to its rulemaking plans.