Summary: CFPB Request for Information, Enforcement Processes (Feb., 2018)

Summary: CFPB Request for Information Regarding the Bureau’s Enforcement Processes

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

Comments must be received by April 13, 2018.  The RFI can be found here.

Summary

The Consumer Financial Protection Bureau (Bureau) is seeking comments/information from interested parties to assist the Bureau in assessing the overall efficiency and effectiveness of its processes related to the enforcement of Federal consumer financial law, and consistent with the law, considering whether any changes to these processes would be appropriate.  The Bureau requests that, where possible, comments include:

• Specific suggestions regarding any potential updates or modifications to the Bureau’s enforcement processes, consistent with the Bureau’s statutory objectives, and including, in as much detail as possible, the potential update or modification, supporting data or other information on impacts and costs, or information concerning alignment with the processes of other agencies; and
• Specific identification of any aspects of the Bureau’s enforcement processes 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.

The Bureau requests feedback on all aspects of the enforcement process and includes a list of areas for feedback that can be found within the RFI located here.