The Bureau of Consumer Financial Protection’s Rules of Practice for Adjudication Proceedings have room for improvement, CUNA wrote to the bureau Friday. CUNA’s comments were sent in response to the latest deadline for feedback in the bureau’s series of requests for information on its functions.
The Consumer Financial Protection Act authorizes the bureau to conduct administrative adjudications in conformance with the Administrative Procedure Act. Its enforcement office prosecutes these adjudications.
The bureau may file an administrative Notice of Charges only to enforce compliance with the Consumer Financial Protection Act and related laws.
CUNA’s comments and recommendations include the following: