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CFPB Issues Request for Information on Rulemaking Processes
Thursday, March 8, 2018 6:45 AM

The Consumer Financial Protection Bureau yesterday issued a Request for Information from interested parties to help assess the overall efficiency and effectiveness of its rulemaking processes.

This is the seventh in a series of RFIs announced as part of Acting Director Mick Mulvaney’s call for evidence to ensure the CFPB is fulfilling its proper and appropriate functions to best protect consumers. This RFI will provide an opportunity for the public to submit feedback and suggest ways to improve outcomes for both consumers and covered entities. The next RFI in the series will address the CFPB’s adopted rules and will be issued next week.

View the RFI on rulemaking processes.

The CFPB will begin accepting comments for 90 days, once the RFI is printed in the Federal Register, which is expected to occur March 9.

The CFPB anticipates issuing RFIs on the following topics in the coming weeks:

  • Bureau adopted rules
  • Inherited rules
  • Guidance and implementation support
  • Consumer education
  • Consumer inquiries

View more information about the call for evidence.