WASHINGTON – The Consumer Financial Protection Bureau announced it will provide an additional 60 days for public comment on its Request for Information (RFI) on “how best to create a regulatory environment that expands access to credit and ensures that all consumers and communities are protected from discrimination in all aspects of a credit transaction.”
The extension for submission of comments provides interested parties with more time to conduct outreach to relevant constituencies and to address the many issues raised in the RFI, the agency said.
The original deadline for submissions was Oct. 2, 2020. The comment period will now close on Dec. 1, 2020.
“The information provided will help the Bureau continue to explore ways to address regulatory compliance challenges while fulfilling the Bureau's core mission to prevent unlawful discrimination and foster innovation,” the CFPB said.
To read the RFI click here.