CFPB Moves Regulation E Changes & Overdraft Regulations Down on Their Priorities List

Last week, the new leadership at the CFPB announced their plans for fewer rulemaking, according to their spring 2018 regulatory agenda. This was the first regulatory agenda under the leadership of Acting Director Mick Mulvaney. Potential Regulation E Rulemaking was moved to a long-term status and moved to their long-term agenda.
In addition, several rulemakings were moved to inactive status, including Overdraft Services. A key footnote on the move to inactive was that the expectation is that "final decisions on whether and when to proceed with such projects will be made by the Bureau's next permanent director."

Nacha expects a permanent director to be nominated by the end of June but that person will not be vetted by the Senate for quite some time.