[Federal Register Volume 89, Number 28 (Friday, February 9, 2024)]
[Proposed Rules]
[Pages 9666-9667]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-00462]



[[Page 9665]]

Vol. 89

Friday,

No. 28

February 9, 2024

Part XX





 Consumer Financial Protection Bureau





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Semiannual Regulatory Agenda

  Federal Register / Vol. 89 , No. 28 / Friday, February 9, 2024 / UA: 
Reg Flex Agenda  

[[Page 9666]]


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CONSUMER FINANCIAL PROTECTION BUREAU

12 CFR Ch. X


Semiannual Regulatory Agenda

AGENCY: Consumer Financial Protection Bureau.

ACTION: Semiannual Regulatory Agenda.

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SUMMARY: The Consumer Financial Protection Bureau (CFPB) is publishing 
this agenda as part of the Fall 2023 Unified Agenda of Federal 
Regulatory and Deregulatory Actions. The CFPB reasonably anticipates 
having the regulatory matters identified below under consideration 
during the period from November 2023 to October 2024. The next agenda 
will be published in Spring 2024 and will update this agenda through 
Spring 2025. Publication of this agenda is in accordance with the 
Regulatory Flexibility Act (5U.S.C. 601 et seq.).

DATES: This information is current as of August 17, 2023.

ADDRESSES: Consumer Financial Protection Bureau, 1700 G Street NW, 
Washington, DC 20552.

FOR FURTHER INFORMATION CONTACT: A staff contact is included for each 
regulatory item listed herein. If you require this document in an 
alternative electronic format, please contact 
[email protected].

SUPPLEMENTARY INFORMATION: The CFPB is publishing its Fall 2023 Agenda 
as part of the Fall 2023 Unified Agenda of Federal Regulatory and 
Deregulatory Actions, which is coordinated by the Office of Management 
and Budget (OMB) under Executive Order 12866. The agenda lists the 
regulatory matters that the CFPB reasonably anticipates, as of August 
17, 2023, that it will have under consideration during the period from 
November 1, 2023, to October 31, 2024, as described further below.\1\ 
The complete Unified Agenda is available to the public at the following 
website: https://www.reginfo.gov.
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    \1\ The listing does not include certain routine, frequent, or 
administrative matters. The CFPB is reporting information for this 
Unified Agenda in a manner consistent with past practice.
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    Consistent with procedures established by OMB's Office of 
Information and Regulatory Affairs,\2\ the CFPB's active agenda is 
divided into five sections: pre-rule stage; proposed rule stage; final 
rule stage; long-term actions, completed actions. Generally, the pre-
rule through final rule stages sections list items the CFPB plans to 
issue within the next 12 months. The long-term actions are listed for 
informational purposes if a regulatory action is anticipated beyond 
that one-year time frame. Completed actions are those that have been 
published as final or are withdrawn.
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    \2\ See https://www.reginfo.gov/public/jsp/eAgenda/UA_About.myjsp.

Rohit Chopra,
Director, Consumer Financial Protection Bureau.

        Consumer Financial Protection Bureau--Proposed Rule Stage
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                                                           Regulation
       Sequence No.                    Title             Identifier No.
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510.......................  Required Rulemaking on             3170-AA78
                             Personal Financial Data
                             Rights.
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         Consumer Financial Protection Bureau--Final Rule Stage
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                                                           Regulation
       Sequence No.                    Title             Identifier No.
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511.......................  Amendments to FIRREA               3170-AA57
                             Concerning Automated
                             Valuation Models.
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CONSUMER FINANCIAL PROTECTION BUREAU (CFPB)

Proposed Rule Stage

510. Required Rulemaking on Personal Financial Data Rights [3170-AA78]

    Legal Authority: 12 U.S.C. 5533
    Abstract: Section 1033 of the Consumer Financial Protection Act 
(CFPA) provides that, subject to rules prescribed by the CFPB, a 
covered entity (for example, a bank) must make available to consumers, 
upon request, transaction data and other information concerning a 
consumer financial product or service that the consumer obtains from 
the covered entity. Section 1033 also states that the CFPB must 
prescribe by rule standards to promote the development and use of 
standardized formats for information made available to consumers. In 
November 2020, the CFPB published an Advance Notice of Proposed 
Rulemaking (ANPRM) concerning implementation of section 1033, accepting 
comments until February 2021. In October 2022, the CFPB released 
materials in advance of convening a panel under the Small Business 
Regulatory Enforcement Fairness Act (SBREFA), in conjunction with the 
Office of Management and Budget and the Small Business Administration's 
Chief Counsel for Advocacy. The SBREFA panel was convened in February 
2023 and received feedback from representatives of small entities on 
the impacts the rules the CFPB is considering to implement section 1033 
would have on small entities likely to be directly affected by the 
rulemaking. The panel's report was completed in March 2023. The CFPB 
released a Notice of Proposed Rulemaking on October 19, 2023.
    Timetable:

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               Action                    Date            FR Cite
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Request for Information.............   11/22/16  81 FR 83806
Principles Statement................   10/18/17
ANPRM...............................   11/06/20  85 FR 71003
ANPRM Comment Period End............   02/04/21
SBREFA Outline......................   10/27/22
SBREFA Report.......................   03/30/23
NPRM................................   10/31/23  88 FR 74796
NPRM Comment Period End.............   12/29/23
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    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Michael Scherzer, Office of Regulations, Consumer 
Financial Protection Bureau, Washington, DC 20552, Phone: 202 435-7700.
    RIN: 3170-AA78


[[Page 9667]]



CONSUMER FINANCIAL PROTECTION BUREAU (CFPB)

Final Rule Stage

511. Amendments to FIRREA Concerning Automated Valuation Models [3170-
AA57]

    Legal Authority: 12 U.S.C. 3354
    Abstract: The CFPB is participating in an interagency rulemaking 
process with the Board of Governors of the Federal Reserve System, the 
Office of the Comptroller of the Currency, the Federal Deposit 
Insurance Corporation, the National Credit Union Administration, and 
the Federal Housing Finance Agency (collectively, the Agencies) to 
develop regulations to implement the amendments made by the Consumer 
Financial Protection Act (CFPA) to the Financial Institutions Reform, 
Recovery, and Enforcement Act of 1989 (FIRREA) concerning automated 
valuation models. The FIRREA amendments require implementing 
regulations for quality control standards for automated valuation 
models (AVMs). In February 2022, the CFPB initiated the process under 
the Small Business Regulatory Enforcement Fairness Act of 1996 (SBREFA) 
for this rulemaking and released an outline of proposals and 
alternatives under consideration for the SBREFA panel, made up of 
representatives of small businesses that might be affected by the 
rulemaking. The CFPB released a final SBREFA report on May 13, 2022. 
The Agencies issued a proposed rule to implement the CFPA's AVM 
amendments to FIRREA in June 2023.
    Timetable:

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               Action                    Date            FR Cite
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SBREFA Outline......................   02/23/22
SBREFA Report.......................   05/13/22
NPRM................................   06/21/23  88 FR 40638
NPRM Comment Period End.............   08/21/23
Final Rule..........................   06/00/24
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    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Pedro De Oliveira, Office of Regulations, Consumer 
Financial Protection Bureau, Washington, DC 20552, Phone: 202 435-7700.
    RIN: 3170-AA57

[FR Doc. 2024-00462 Filed 2-8-24; 8:45 am]
BILLING CODE 4810-AM-P