Mulvaney: CFPB to Seek Public Feedback on Its Activities

Consumer Financial Protection Bureau Acting Director Mick Mulvaney today announced that the bureau over the coming weeks will seek public feedback on its activities to ensure that it is fulfilling its statutory requirement to protect consumers. Through a series of requests for information, the bureau will seek input on its enforcement, supervision, rulemaking, market monitoring and education activities. The CFPB expects to issue its first RFI on civil investigative demands, which are issued by the bureau during enforcement investigations.

“In this new year, and under new leadership, it is natural for the bureau to critically examine its policies and practices to ensure they align with the bureau’s statutory mandate,” Mulvaney said. “Moving forward, the bureau will consistently seek out constructive feedback and welcome ideas for improvement. Much can be done to facilitate greater consumer choice and efficient markets, while vigorously enforcing consumer financial law in a way that guarantees due process.”


About Author

Monica C. Meinert is a senior editor at the ABA Banking Journal and VP for editorial strategy at the American Bankers Association, where she oversees ABA Daily Newsbytes.