SUPPLEMENTARY INFORMATION:

The CFPB is making limited amendments to five rules to reflect a recent organizational change. The Division of Supervision, Enforcement, and Fair Lending has been replaced by two divisions, the Supervision Division and the Enforcement Division. The CFPB is transferring certain responsibilities under 12 CFR part 1070, which relate to disclosure of confidential supervisory information, from the associate director of the former division to the Supervision Director as head of the Supervision Division. The CFPB is also updating nomenclature across all five rules to reflect the establishment of the new divisions. ( printed page 94601)

As a rule of agency organization, procedure, or practice, this rule is exempt from the notice-and-comment rulemaking requirements of the Administrative Procedure Act.^[1]

The CFPB has determined that this rule does not impose any new or revise any existing recordkeeping, reporting, or disclosure requirements on covered entities or members of the public that would be collections of information requiring approval by the Office of Management and Budget under the Paperwork Reduction Act.^[2]

Authority and Issuance

For the reasons set forth above, the Consumer Financial Protection Bureau amends 12 CFR parts 1070, 1080, 1081, 1082, and 1090 as follows:

1. The authority citation for part 1070 continues to read as follows:

Authority: 12 U.S.C. 5481 et seq.;5 U.S.C. 552; 5 U.S.C. 552a; 18 U.S.C. 1905; 18 U.S.C. 641; 44 U.S.C. ch. 31; 44 U.S.C. ch. 35; 12 U.S.C. 3401 et seq.

2. In § 1070.2, revise paragraph (a) to read as follows:

3. In § 1070.42, remove the text “Associate Director for Supervision, Enforcement and Fair Lending” wherever it appears and add, in its place, the text “Supervision Director”.

4. The authority citation for part 1080 continues to read as follows:

Authority: Pub. L. 111-203, title X, 12 U.S.C. 5481 et seq.

5. In § 1080.2, remove the definition of “Office of Enforcement”.

6. In addition to the amendment set forth above, in 12 CFR part 1080, remove the words “Assistant Director of the Office of Enforcement” and add, in their place, the words “Enforcement Director” in the following places:

a. Section 1080.4;

b. Section 1080.6(a), (c) introductory text, (d), (e) introductory text, and (e)(2);

c. Section 1080.10(b); and

d. Section 1080.11(c).

7. In addition to the amendments set forth above, in 12 CFR part 1080, remove the words “Deputy Assistant Directors of the Office of Enforcement”, and add, in their place, “Deputy Enforcement Directors” in the following places:

a. Section 1080.4;

b. Section 1080.6(a), (c) introductory text, (d), (e)(2); and

c. Section 1080.11(c).

8. The authority citation for part 1081 continues to read as follows:

Authority: 12 U.S.C. 5512(b)(1), 5563(e).

9. In § 1081.103, remove the definition of “Office of Enforcement” and add a definition of “Enforcement Division” to read as follows:

10. In addition to the amendment set forth above, in 12 CFR part 1081, remove the text “Office of Enforcement” wherever it appears and add, in its place, the text “Enforcement Division”.

11. The authority citation for part 1082 continues to read as follows:

Authority: 12 U.S.C. 5481 et seq.

12. Amend § 1082.1 by:

a. Removing the text “Office of Enforcement” wherever it appears and adding, in its place, the text “Enforcement Division”.

b. In paragraph (a)(1), removing the words “office of the Bureau” and adding, in their place, the words “unit of the Bureau”.

13. The authority citation for part 1090 continues to read as follows:

Authority: 12 U.S.C. 5514(a)(1)(B); 12 U.S.C. 5514(a)(2); 12 U.S.C. 5514(b)(7)(A); and 12 U.S.C. 5512(b)(1).

14. In § 1090.101, remove the definition of “Assistant Director” and add a definition of “Supervision Director” to read as follows:

15. In § 1090.103, remove the text “Assistant Director” wherever it appears and add, in its place, the text “Supervision Director”.

89 FR 94600