The CFPB expects to issue its proposed rules governing payday,auto title and similar loan products within the next several weeks,the agency said in its revised regulatory agenda.

The proposed rules will cover such areas as the failure bylenders to determine whether consumers have the ability to repaywithout defaulting or taking out an additional loan, the agencysaid. In addition, the proposed rules will cover certain paymentcollection practices.

More than 100 million payday loans are issued each year, whichoften carry annual percentage rates of 300% to 500%, according toNick Bourke, director of the Small Dollars Loan Project at the PewCharitable Trusts.

Credit unions have expressed concern that in attempting to rein in predatorylending, the CFPB might also place restrictions on loan productsthey offer as alternatives to such loans.

As part of its pre-rulemaking activities, the agency is alsoconsidering potential regulations for overdraft services on checking accounts. The CFPB said a 2013study found several concerns, including how consumers opt in tooverdraft coverage for ATM and one-time debit card transactions,overdraft coverage limits, transaction posting orders practices,fees charged for overdrafts and involuntary account closures.

“The CFPB is continuing to engage in additional research and hasbegun consumer testing initiatives relating to the opt-in process,”the agency said.

The agency is expected to issue final rules this summergoverning prepaid accounts, such as general purpose reloadablecards as well as final rules covering mortgage servicers.

In addition, the CFPB said it expects to issue proposed rulesthat would make small changes to and provide further regulatoryguidance concerning required mortgage disclosures sent toconsumers.

The agency is also developing proposed rules regulating debtcollection practices.

“The federal government for many years has received moreconsumer complaints about debt collectors than about any othersingle industry,” the agency said in its revised regulatoryagenda.

The CFPB is continuing its rulemaking activities to establishits nonbank supervisory authority by defining larger participantsof certain consumer financial markets. The bureau said it expectsto focus on markets for consumer installment loans and vehicletitle loans. The agency is exploring the idea of requiringregistration of such non-depository lenders.

The bureau also said it is working particularly intensely tostreamline and modernize data reporting requirements in the HomeMortgage Disclosure Act.