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CFPB RIN: 3170-AA06 Publication ID: Spring 2013 
Title: Restatement of Federal Consumer Financial Law Regulations  
Abstract: The CFPB has recodified regulations implementing Federal consumer financial laws as a series of interim final rules in chapter X of title 12 of the CFR. Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd- Frank Act) transferred rulemaking authority for 14 consumer financial protection laws from 7 transferor agencies to the CFPB as of July 21, 2011. Pursuant to that authority, the CFPB has recodified existing regulations implementing certain portions of the Fair Credit Reporting Act, certain portions of the Gramm-Leach-Bliley Act, the Secure and Fair Enforcement for Mortgage Licensing Act, the Equal Credit Opportunity Act, the Fair Debt Collection Practices Act, the Truth in Savings Act, the Interstate Land Sales and Full Disclosure Act, the Consumer Leasing Act, certain portions of the Electronic Fund Transfer Act, subsections 43(b)-(f) of the Federal Deposit Insurance Act, the Home Mortgage Disclosure Act, the Real Estate Settlement Procedures Act, the Truth in Lending Act, and section 626 of the Omnibus Appropriations Act of 2009. The CFPB's interim final rules made no substantive changes to the regulations of the agencies from which the rulemaking authority transferred, but made nomenclature, technical, and other conforming changes required by the Dodd-Frank Act and consolidated multiple versions of the regulations under those statutes where rulewriting authority previously had been split across multiple agencies. Changes included, for example, revisions to references to the transferor agency, internal cross-references, addresses for filing applications and notices, and references to the scope of the CFPB's authority as amended by the Dodd-Frank Act. The CFPB may make technical amendments to the recodified regulations, if necessary. OMB has determined that the CFPB's re- codification as Regulation V, 12 CFR 1022, of certain pre-existing regulations implementing portions of the Fair Credit Reporting Act should be classified as a "major" rulemaking under the Congressional Review Act. Thus, the priority of the CFPB's restatement of Regulation V is "Other Significant." 
Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 1002    12 CFR 1003    12 CFR 1005 to 1016    12 CFR 1022    12 CFR 1024    12 CFR 1026    12 CFR 1030    ...     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 12 USC 5581   
Legal Deadline:  None
Action Date FR Cite
Interim Final Rule With Request For Public Comment  12/21/2011  76 FR 79442   
Interim Final Rule Comment Period End  02/27/2012 
Final Rule  12/00/2013 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Undetermined 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Paul Mondor
Office of Regulations
Consumer Financial Protection Bureau
Phone:202 435-7700