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Mulvaney Wants Feedback on CFPB Operations
On Wednesday, January 17, 2018, the CFPB announced it is issuing a “call for evidence” to ensure the Bureau is properly fulfilling duties to best protect consumers. The Bureau announced that in the coming weeks they will publish a series of Requests for Information (RFIs) to seek comment on enforcement, supervision, rulemaking, market monitoring, and education activities. The Bureau’s first RFI will seek public comment on Civil Investigative Demands issued during an enforcement investigation.
“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. 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. I look forward to receiving public comments in response to this call for evidence and encourage all interested parties to participate,” said CFPB Acting Director Mick Mulvaney.