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ARTICLE · 23 OCTOBER 2018

BCFP's Fall 2018 Regulatory Agenda

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On October 17, the Bureau of Consumer Financial Protection ("BCFP" or "Bureau") issued its Fall 2018 regulatory agenda. Notable highlights include:

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On October 17, the Bureau of Consumer Financial Protection ("BCFP" or "Bureau") issued its Fall 2018 regulatory agenda. Notable highlights include:

  • Payday Lending Rule Amendments. In January 2018, the Bureau announced that it would engage in rulemaking to reconsider its Payday Lending Rule released in October 2017. According to the Bureau's Fall 2018 agenda, the Bureau expects to issue a notice of proposed rulemaking by January 2019 that will address both the merits and the compliance date (currently August 2019) of the rule.
  • Debt Collection Rule Coming. The Bureau expects to issue a notice of proposed rulemaking addressing debt collection-related communication practices and consumer disclosures by March 2019. The Bureau explained that debt collection remains a top source of the complaints it receives and both industry and consumer groups have encouraged the Bureau to modernize Fair Debt Collection Practices Act ("FDCPA") requirements through rulemaking. The

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