CFPB Seeks Information on Inherited Regulations and Rulemaking Authorities

The Consumer Financial Protection Bureau has issued a request for information seeking feedback on its inherited regulations and inherited rulemaking authorities — the ninth in an ongoing series of RFIs designed to provide the CFPB with input on how it is fulfilling its statutory obligations and how to improve outcomes for both consumers and covered entities.

The public is invited to submit comments on the regulations and rulemaking authorities the bureau inherited in 2011 after its creation under the Dodd-Frank Act. Among other things, commenters are invited to provide feedback on aspects of the bureau’s regulations that could be better tailored, create unintended consequences, overlap or conflict with existing regulations, are incompatible or misaligned with new technologies or could be modified to provide greater consumer protection. For more information, or to provide feedback for ABA’s comment letter, contact ABA’s Nessa Feddis.