The CFPB has issued a request for information that seeks comment on potential changes to the CFPB’s practices for the public reporting of consumer complaint information.  Comments on the RFI must be received by June 4, 2018.

In the RFI, the CFPB seeks feedback on all aspects of its consumer complaint reporting and publication practices, including the following:

  • Specific, statutorily-permissible suggestions regarding the frequency of the CFPB’s reporting on consumer complaints  (We note that the CFPB has not published a complaint report since Mick Mulvaney was appointed Acting Director by President Trump.)
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The CFPB has issued a request for information that seeks comment on how the CFPB can improve its administrative adjudication processes, including its “Rules of Practice for Adjudication Proceedings” codified at 12 CFR part 1081, Subpart E (Rules).  The Rules address the general conduct of administrative enforcement proceedings, the initiation of such proceedings and prehearing rules, decisions and appeals, and temporary cease-and-desist proceedings. … Continue Reading