On June 4, the Office of Information and Regulatory Affairs received five pending publications from the CFPB. The five rulemakings under consideration included: (i) Loan Originator Compensation Requirements Under the Truth in Lending Act (Regulation Z), Rescission; (ii) Discretionary Servicing Rules under the Real Estate Settlement Procedures Act (Regulation X); (iii) Discretionary Mortgage Servicing Rules Under the Truth in Lending Act (Regulation Z); (iv) Defining Larger Participants of the Consumer Debt Collection Market; and (v) Defining Larger Participants of the Consumer Reporting Market 2025. These rulemakings are currently pending review in the “Prerule” stage.
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