CUNA advocacy priorities reflected in BCFP rulemaking agenda
The Bureau of Consumer Financial Protection issued its Fall 2018 rulemaking agenda this week, with several items reflecting CUNA’s advocacy with the bureau. The agenda is a snapshot of the bureau’s regulatory priorities over the coming months into 2019.
Timelines on the agenda may not reflect the exact timing of regulatory actions, which depends on different factors at each agency.
Items of interest for credit unions include:
- S. 2155 Implementation: The bureau expects to issue “notice and comment” rulemakings on provisions within the BCFP’s jurisdiction to provide clarity and assist compliance. A proposed rule applying consumer protections to PACE loans, as required by S. 2155, is currently in development. CUNA has urged the bureau to move quickly in implementing the changes in S. 2155;
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