May 26, 2015 - ACA International - The Consumer Financial Protection Bureau has once again updated its regulatory agenda, including its plans for regulating the debt collection industry. The CFPB's recently released spring 2015 Regulatory Agenda is a voluntary update in conjunction with a broader initiative led by the Office of Management and Budget to publish a Unified Agenda of Regulatory and Deregulatory Actions across the federal government. Portions of the Unified Agenda will be published in the Federal Register, and the full set of materials is now available online.
In addition to debt collection activities, major initiatives involve mortgages, prepaid financial products, payday and other similar loans, overdraft services, defining auto lending larger participants and arbitration. The agenda categorizes rulemaking actions by stage as pre-rule, proposed rule, final rule, long term actions, or completed actions. The next semi-annual agenda, typically released in the fall, will reflect the results of further prioritization and planning.