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Federal Register Highlights – 5/24/16

May 24, 2016

Unpublished, time-sensitive and proposed rules for May 24, 2016:

PROPOSED RULE: Pursuant to section 1028(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub. L. 111– 203), the Bureau of Consumer Financial Protection (Bureau) is proposing to establish 12 CFR part 1040, which would contain regulations governing two aspects of consumer finance dispute resolution. First, the proposed rule would prohibit covered providers of certain consumer financial products and services from using an agreement with a consumer that provides for arbitration of any future dispute between the parties to bar the consumer from filing or participating in a class action with respect to the covered consumer financial product or service. Second, the proposal would require a covered provider that is involved in an arbitration pursuant to a pre-dispute arbitration agreement to submit specified arbitral records to the Bureau. The Bureau proposes that the rulemaking would apply to certain consumer financial products and services. The Bureau is also proposing to adopt official interpretations to the proposed regulation. Comments must be received on or before August 22, 2016. (To submit comments, visit www.regulations.gov, reference Docket No. CFPB–2016–0020.)

PROPOSED RULE: The Department of Justice is proposing to promulgate regulations establishing the Federal Bureau of Investigation’s (FBI’s) National Environmental Policy Act (NEPA) procedures. These proposed regulations would establish a process for the FBI’s implementation of NEPA, Executive Order 11514, Executive Order 12114, and Council on Environmental Quality (CEQ) and Department of Justice (Department) regulations addressing the procedural provisions of NEPA. Pursuant to CEQ regulations, the FBI is soliciting comments on the proposed FBI NEPA regulations from members of the interested public. Written comments must be postmarked and electronic comments must be submitted on or before July 25, 2016. (To submit comments, visit www.regulations.gov, reference RIN 1110–AA32.)

PROPOSED RULE: The Federal Trade Commission (FTC or Commission) proposes to amend the rules on Disclosure of Written Consumer Product Warranty Terms and Conditions (Disclosure Rule) and Pre-Sale Availability of Written Warranty Terms (Pre-Sale Availability Rule) to give effect to the E-Warranty Act, which allows for the use of Internet Web sites to disseminate warranty terms to consumers in some circumstances. Comments must be received on or before June 17, 2016. (To submit comments, visit www.regulations.gov, reference RIN 3084–AB24 and AB25.)

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