WASHINGTON—The Consumer Financial Protection Bureau (Bureau) has issued a Request for Information (RFI) about the Bureau’s supervision processes, while also announcing numerous other RFIs will be coming in the near future.
The CFPB said it is now seeking comments and information from interested parties to assist in assessing the overall efficiency and effectiveness of its supervision program and whether any changes to the program would be appropriate.
The latest Request for Information is the fourth 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 agency said.
“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 CFPB said. “The next RFI in the series will address the Bureau’s external engagement processes and will be issued next week.”
The Bureau said it will begin accepting comments once the RFI is printed in the Federal Register, which is expected to occur on Feb. 20. The RFI will be open for comment for 90 days.
The RFI can be found here: https://files.consumerfinance.gov/f/documents/cfpb_rfi_supervision-program_022018.pdf
In the coming weeks, the CFPB saidit anticipates issuing RFIs on the following topics:
- External Engagement
- Complaint Reporting
- Rulemaking Processes
- Bureau Rules Not Under §1022(d) Assessment
- Inherited Rules
- Guidance and Implementation Support
- Consumer Education
- Consumer Inquiries