The Consumer Financial Protection Bureau is seeking comment on a slew of existing consumer regulations that will transfer to the bureau on July 21.
Under the Dodd-Frank Act, the bureau had to work with the banking regulators — the Federal Reserve, the Federal Deposit Insurance Corp., the Federal Trade Commission, the Office of the Comptroller of the Currency, the Office of Thrift Supervision and the Department of Housing and Urban Development — to identify the consumer rules and orders that will transfer to the CFPB.
The list is not technically subject to a notice-and-comment period, because it relates to agency organization and is only an interpretation of the CFPB's powers. Still, the bureau decided to hold a 30-day comment period, which ends on June 30.
According to the list, which was published Tuesday, the CFPB will take over enforcement of 47 different consumer regulations from the seven regulators, including rules relating to Home Mortgage Disclosure, Truth In Lending, Fair Credit Reporting and Privacy of Consumer Financial Information.
