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CFPB finalizes rules on procedures for investigations, enforcement and state official notifications

By Barbara S. Mishkin on June 6, 2012

Posted in CFPB Rulemaking, Regulatory and Enforcement

The CFPB has finalized the following three rules which were issued as interim final rules in July 2011:

Rules Relating to Investigations which set forth the CFPB’s policies and procedures for conducting investigations
Rules of Practice for Adjudication Proceedings which set forth procedures for administrative enforcement actions initiated by the CFPB
State Official Notification Rule which sets forth procedures to be used by state officials to provide notice to the CFPB of any proceedings they initiate to enforce the Dodd-Frank Act or CFPB regulations.

Will the CFPB use its State Official Notification Rules to prevent the fragmentation of federal law?

By Ballard CFS Group on August 10, 2011

Posted in CFPB Rulemaking, Regulatory and Enforcement

One of the four sets of Interim Final Rules released by the CFPB on July 28 was its “State Official Notification Rules,” which set forth the obligations of state attorneys general to notify the CFPB when the AGs bring actions to enforce the provisions of the Dodd-Frank Act. One might wonder whether such rules are even necessary, given the close cooperation anticipated between state AGs and the CFPB. … Continue Reading