The CFPB is scheduled to publish notices in tomorrow’s Federal Register that it is extending by 30 days the due dates for comments on its first three requests for information.
According to the notices, the extensions were provided in response to requests from two industry trade groups. The groups pointed out to the CFPB that all of the other RFIs it has issued have 90-day rather than 60-day comment periods.
The three RFIs and their new comment due dates are the following:
- Processes surrounding civil investigative demands and investigational hearings–April 26, 2018
- Administrative adjudication processes–May 7, 2018
- Enforcement processes–May 14, 2018
The CFPB’s five other RFIs issued to date and their comment due dates are the following:
- Supervision program-May 21, 2018
- External engagement-May 29, 2018
- Public reporting of consumer complaint information-June 4, 2018
- Rulemaking processes-June 7, 2018
- Adopted regulations-June 19, 2018