Summary: CFPB Request for Information Regarding the Bureau’s Supervision Program

Consumer Financial Protection Bureau (CFPB)
Prepared by NASCUS Legislative & Regulatory Affairs Department
February 2018

The Consumer Financial Protection Bureau (CFPB) is seeking comments and information from interested parties to assist the Bureau in assessing the overall efficiency and effectiveness of its supervision program, and consistent with the law, considering whether any changes to the program would be appropriate. 

Comments are due to the Bureau on May 21, 2018.  You can find the RFI here.

Summary

The CFPB is using this request for information to seek public input regarding its supervision program.  The Bureau encourages comments from all interested members of the public. To allow the Bureau to evaluate suggestions more effectively, the Bureau requests that, where possible, comments include:

  • Specific suggestions regarding any potential updates or modifications to the Bureau’s supervision program, consistent with the Bureau’s statutory objectives, and including, in as much detail as possible (though without disclosing CSI), potential updates or modifications, supporting data, or other information on impacts and costs, or information concerning alignment with the processes of other agencies with similar authorities; and
  • Specific identification of any aspects of the Bureau’s supervision program that should not be modified, consistent with the Bureau’s statutory objectives, and including supporting data or other information on impacts and costs, or information concerning alignment with the processes of other agencies with similar authorities.

The Bureau also requested feedback on all aspects of its supervision program and provided a list of factors to consider, which are provided in the RFI found here.