On August 15, 2012, the CFPB issued a proposal to amend Regulation B, which implements the Equal Credit Opportunity Act (ECOA), and the official interpretation to the regulation, which interprets the requirements of Regulation B. The proposed revisions would implement an ECOA amendment concerning appraisals that was enacted as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The comment period for the proposal ends October 15, 2012. The CFPB anticipates analyzing the comments and issuing final rules by January 2013.