The coming week brings another deadline for comments in the consumer bureau’s series of “call for evidence” requests for information (RFIs), speeches by the top banking regulators, an open credit union agency board meeting and a deadline for nominating a new consumer bureau director.
Below are details:
Tuesday, June 19: Comments are due to the Bureau of Consumer Financial Protection (BCFP) on an RFI focusing on the bureau’s adopted rules and exercise of its new rulemaking authorities. Specifically, input is sought to assist the bureau “in considering whether, consistent with its statutory authority to prescribe rules pursuant to the Federal consumer financial laws, the Bureau should amend those rules it has promulgated since its creation or issue certain new rules.” The website Regulations.gov shows 47 comments had been filed online as of Thursday.
Also on Tuesday, Federal Deposit Insurance Corp. Board Chairman Jelena McWilliams is scheduled to speak at noon ET during the Prudential Regulation Conference, sponsored by SIFMA and The Clearing House, at the National Press Club (529 14th St. NW, 13th Floor, Washington, DC 20045). Also speaking will be Comptroller of the Currency Joseph Otting (8:30 a.m. ET) and Federal Reserve General Counsel Mark E. Van Der Weide (10:15 a.m. ET).
Wednesday, June 20: Federal Reserve Board Chairman Jerome Powell, during the ECB (European Central Bank) Forum on Central Banking, Linhó Sintra, Portugal, participates in a panel discussion titled Monetary Policy at a Time of Uncertainty and Tight Labor Markets. The session is scheduled for 9:30 a.m. and will be viewable online here.
Thursday, June 21: The National Credit Union Administration (NCUA) Board meets in open session (10 a.m. ET) to consider final rules on voluntary mergers and credit union membership. The board will also hear briefings on the modernization of its systems and on its recent change to business lending rules to conform with a change under the recently enacted financial industry regulatory relief law.
Friday, June 22: This is the deadline for the president to nominate the next director of the Bureau of Consumer Financial Protection (BCFP); if that deadline is missed, Mick Mulvaney, who is also the director of the Office of Management and Budget, will have to vacate his seat as acting director of the bureau.