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ARTICLE · 21 JUNE 2021

CFPB's Spring 2021 Rulemaking Agenda Discards Kraninger-era Rulemaking Plans

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The CFPB has published its Spring 2021 rulemaking agenda as part of the Spring 2021 Unified Agenda of Federal Regulatory and Deregulatory Actions.

United StatesConsumer Protection
Christopher J. Willis
Christopher J. Willis
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The CFPB has published its  Spring 2021 rulemaking agenda as part of the Spring 2021 Unified Agenda of Federal Regulatory and Deregulatory Actions.  It represents the "new CFPB's" first rulemaking agenda during the Biden Administration.  The agenda's preamble indicates that the information in the agenda is current as of April 26, 2021 and identifies the regulatory matters that the Bureau "reasonably anticipates having under consideration during the period from May 1, 2021 to April 30, 2021."

Three significant items that were listed as "long-term actions" in the Bureau's Fall 2020 rulemaking agenda, the last agenda issued under former Director Kraninger, no longer appear in the Spring 2021 agenda.  First, there is no longer any reference to possible rulemaking to define the meaning of "abusive" under Dodd-Frank.  Second, there is no longer any reference to possible rulemaking on payday loan disclosures.  Third, the new agenda contains no reference to a possible

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