The US Consumer Financial Protection Bureau’s Busy December: 14 Interim Final Rulemaking Proceedings

    View Authors January 2012

    The Dodd-Frank Wall Street Reform and Consumer Protection Act transferred rulemaking authority for a number of consumer financial protection laws from seven federal agencies to the Consumer Financial Protection Bureau (the CFPB) as of July 21, 2011. During the final weeks of 2011, the CFPB implemented this rulemaking authority by promulgating 18 interim final rules, in 14 separate proceedings, all with a common December 30, 2011 effective date.

    Squire Sanders provides an analysis of the proceedings, including a table that summarizes the transfers.