The American Bankers Association and the Consumer Bankers Association (the Associations) have sent a letter to the Office of Information and Regulatory Affairs (OIRA) (part of the Office of Management and Budget (OMB)) urging OIRA to update its existing guidance on information collections to ensure that the CFPB or other agencies do not improperly use the generic clearance process.… Continue Reading

In a notice published in the Federal Register on October 10, the CFPB is seeking comments on the request it has submitted to the Office of Management and Budget for generic clearance of its collection of information from providers of consumer financial services and products on compliance costs and other effects of regulations.   … Continue Reading