news.cuna.org/articles/113890-cfpb-requests-feedback-on-adopted-regs-rulemaking-authority

CFPB requests feedback on adopted regs, rulemaking authority

March 15, 2018

The Consumer Financial Protection Bureau’s (CFPB) latest request for information (RFI) seeks feedback on the bureau’s adopted regulations and new rulemaking authorities.

Specifically, the CFPB is seeking comments and information from interested parties to assist the bureau in considering whether it should amend any rules it has issued since its creation or issue rules under new rulemaking authority provided for by the Dodd-Frank Act.

This RFI will provide an opportunity for the public to submit feedback and suggest ways to improve outcomes for both consumers and covered entities.

This is the eighth in a series of RFIs announced as part of Acting Director Mick Mulvaney’s call for evidence to ensure the bureau is fulfilling its proper and appropriate functions to best protect consumers.

The next RFI in the series will address the Bureau’s inherited regulations and inherited rulemaking authorities, and will be issued next week.

The CFPB will begin accepting comments once the RFI is printed in the Federal Register, and will be open for comment for 90 days after publication.