CFPB asks for feedback on inherited rules

The Consumer Financial Protection Bureau issued a request for information on its inherited regulations and inherited rulemaking authorities and extended deadlines for three other RFIs.

The Consumer Financial Protection Bureau issued a request for information on its inherited regulations and inherited rulemaking authorities.

The agency is seeking feedback to help it in considering whether it should amend the regulations or exercise the rulemaking authorities that it inherited from other federal government agencies.

The RFI was published in the Federal Register on March 26, and comments are due by June 25.

The bureau anticipates issuing RFIs on guidance and implementation support, consumer education, and consumer inquiries in the coming weeks.

The bureau also extended the comment deadlines for the first three RFIs – on civil investigate demands and associated processes, rules of practice for adjudication proceedings, and enforcement processes – issued as part of the call for evidence. New deadlines are available here.

This is the ninth 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.”

Other RFIs issued have sought feedback on the CFPB’s supervision program, external engagements, public reporting practices of consumer complaint information, rulemaking processes, and adopted regulations and new rulemaking authorities.