Regulation and Compliance

CFPB Issues RFI on Guidance and Implementation

Mar 30, 2018
The Consumer Financial Protection Bureau has announced that it has taken measures to make it easier for consumers with urgent financial needs to obtain access to mortgage credit more quickly in the middle of the COVID-19 pandemic

The Consumer Financial Protection Bureau (CFPB) has issued its latest Request for Information (RFI), this time focused on the bureau’s guidance and implementation support.
 
“The Bureau is seeking comments and information from interested parties to assist in assessing the overall effectiveness and accessibility of its guidance materials and activities, including implementation support,” said the CFPB in a statement. “The Bureau is also considering whether it would be appropriate to make changes to the formats, processes, and delivery methods for providing this guidance. And it is considering whether it would be appropriate to make changes to the disclaimers used on certain forms of guidance.”
 
Input on this RFI will begin on April 2. This is the tenth RFI issued in a new series implemented by Acting Director Mick Mulvaney, who announced a new policy to generate public input regarding the CFPB’s operational efficiency. The next RFI, on consumer education, will be issued next week.
 
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Phil Hall
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Mar 30, 2018
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