A busy spring in the CFPB's rulemaking office has resulted in a slate of comment period deadlines in late summer and fall of 2016. Proposed rules with upcoming comment period closure dates include:
- Regulation P – August 10, 2016: Comments due in response to a proposed rule to amend Regulation P, requiring institutions to provide customers with annual privacy notices, in which an exception to this requirement would be available to those financial institutions that meet certain conditions.
- Arbitration Agreements – August 22, 2016: Comments due in response to a proposed rule to regulate arbitration provisions of consumer financial products and services and establish 12 CFR part 1040, containing regulations governing two aspects of consumer finance dispute resolution. For Venable's prior discussion of this proposed rule, please see the alert on the issuance of the proposed rule and our June 15, 2015 webinar discussion of the proposal.
- Small-Dollar Lending – October 7, 2016: Comments due in response to a proposed rule addressing payday, vehicle title, and other high-cost installment loans and establishing 12 CFR 1041. For Venable's prior discussion of this proposed rule, please see our Small-Dollar Loan Proposed Rule FAQs.