CFPB Seeks Public Input on Rulemaking Processes

The Consumer Financial Protection Bureau issued a new Request for Information (RFI) this week to solicit public feedback on its rulemaking processes.

The CFPB will accept comments once the RFI is printed in the Federal Register, which could happen as early as tomorrow, March 9. The RFI will be open for comment for 90 days.

This is the seventh 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. 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 Bureau’s adopted rules, and will be issued next week.