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CFPB RIN: 3170-AB14 Publication ID: Spring 2023 
Title: Registry of Supervised Nonbank That Use Form Contracts to Impose Terms And Conditions That Seek To Waive Or Limit Consumer Legal Protections  

The Bureau has proposed a rule that would require certain supervised nonbank entities to register with the Bureau and provide information about their use of certain terms and conditions in standard-form contracts for consumer financial products or services that seek to waive or limit consumer rights or legal protections.  In particular, the proposed rule would collect information on these standard terms and conditions used in form contracts that are not subject to negotiation and are not prominently advertised in marketing.  Under the proposal, the Bureau would establish a publicly accessible registry that identifies registrants and, subject to applicable law, publish information that registrants submit to the registry about their use of covered terms and conditions.  On February 1, 2023, a Notice of Proposed Rulemaking (NPRM) was published in the Federal Register.  The Bureau’s next action for this rulemaking is the issuance of a final rule. 

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: Undetermined  Unfunded Mandates: Undetermined 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 12 U.SC. 5512    12 U.S.C. 5514   
Legal Deadline:  None
Action Date FR Cite
NPRM  02/01/2023  88 FR 6906   
NPRM Comment Period End  04/03/2023 
Final Rule  11/00/2023 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Undetermined 
Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Owen Bonheimer
Office of Supervision Policy
Consumer Financial Protection Bureau
Washington, DC 20552
Phone:202 435-7700