CFPB Releases Semiannual Rulemaking Agenda, Includes Anticipated Rulemakings on Overdrafts and NSF Fees.

The Consumer Financial Protection Bureau (CFPB) has released its Fall 2023 Rulemaking Agenda, which outlines upcoming rulemakings from November 2023 to October 2024. In December 2023, the CFPB plans to finalize a proposed rule that limits credit card late fees. They also anticipate issuing two proposed rules, one regarding overdrafts and another concerning non-sufficient funds (NSF) fees. The agenda includes other potential rulemakings, such as amending regulations related to fair credit reporting and mortgage servicing. The CFPB aims to finalize rulemakings on various topics in 2024, including nonbank registries and the application of ability-to-repay requirements. However, specific dates for certain rulemakings are not provided in the agenda. [Extracted from the article]