CFPB Requests Public Comment on Bureau Activities
The Consumer Financial Protection Bureau announced today a planned series of Requests for Information on the Bureau’s activities and how those activities impact consumers and covered entities. According to the press release, the goal of issuing these Requests for Information is to “ensure the Bureau is fulfilling its proper and appropriate functions to best protect consumers.” These requests will be published in the Federal Register. The first such Request will seek public comment on the Bureau’s practices relating to the Civil Investigative Demands issued as part of an enforcement investigation. The Bureau’s announcement suggests that the year ahead will provide a series of opportunities for entities subject to the Bureau’s jurisdiction to participate in reform of its practices and policies.