CFPB Issues RFI on Enforcement Processes

February 7, 2018

On Wednesday, February 7, 2017, the CFPB issued its third in a line of Requests for Information (RFI) on the Bureau’s enforcement processes. The Bureau is collecting information to assess the effectiveness of its processes related to enforcement of federal consumer financial laws. This is the third RFI in three weeks from the CFPB as part of Acting Director Mick Mulvaney’s call for evidence to ensure the Bureau is fulfilling its duties to best protect consumers. The RFI will be due 60 days after hitting the federal register, and will be followed by an RFI addressing the Bureau’s supervisory processes. CBA plans to comment on the RFIs issued so far, and those being released moving forward.