CFPB issues RFI on ‘external engagements’

cfpb-logoThe CFPB is seeking feedback on the bureau’s external engagements. The bureau issued a Request for Information yesterday on “ways to engage the public and receive feedback on the work of the agency.”

This is the latest in a series of RFIs the CFPB has issued since Mick Mulvaney assumed the role of acting director. The RFIs are intended to ensure the bureau is fulfilling its proper and appropriate functions to best protect consumers.

Here are the complete details from the CFPB’s press release:

CFPB Issues Request For Information On External Engagements

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (Bureau) today issued a Request for Information (RFI) about the Bureau’s external engagements. The Bureau is seeking comments and information from interested parties on ways to engage the public and receive feedback on the work of the agency. This is the fifth in a series of RFIs announced as part of Acting Director Mick Mulvaney’s call for evidence to ensure the Bureau is fulfilling its proper and appropriate functions to best protect consumers. This RFI will provide an opportunity for the public to submit feedback and suggest ways to improve outcomes for both consumers and covered entities. The next RFI in the series will address the Bureau’s complaint reporting processes, and will be issued next week.

The RFI on external engagements is available at: https://files.consumerfinance.gov/f/documents/cfpb_rfi_external-engagements_022018.pdf

The CFPB will begin accepting comments once the RFI is printed in the Federal Register, which is expected to occur on February 26. The RFI will be open for comment for 90 days.

The Bureau anticipates issuing RFIs on the following topics in the coming weeks:

  • Complaint Reporting
  • Rulemaking Processes
  • Bureau Rules Not Under §1022(d) Assessment
  • Inherited Rules
  • Guidance and Implementation Support
  • Consumer Education
  • Consumer Inquiries

More information about the call for evidence is available at: http://www.consumerfinance.gov/policy-compliance/notice-opportunities-comment/open-notices/call-for-evidence/

### The Consumer Financial Protection Bureau is a 21st century agency that helps consumer finance markets work by regularly identifying and addressing outdated, unnecessary, or unduly burdensome regulations, by making rules more effective, by consistently enforcing federal consumer financial law, and by empowering consumers to take more control over their economic lives. For more information, visit consumerfinance.gov.

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