CFPB Request for Comments on the CFPB’s Rulemaking Processes to Implement Federal Consumer Financial Laws

In Client and Friends Memos by BMG Memorandum

In the March 9, 2018, issue of the Federal Register (83 FR 10437, click here), the CFPB published a request for information (RFI) seeking comments and information to assist it in assessing the overall efficiency and effectiveness of its rulemaking processes and considering whether any changes to its rulemaking processes would be appropriate.

 

The following is a redaction of the above RFI published by the CFPB in the Federal Register. The redacted text contains the essential information needed to submit the requested information and comments.

 

You may submit information and other comments, identified by Docket No. CFPB–2018–0009, by any of the following methods:

  • Electronic: Go to http://www.regulations.gov. Follow the instructions for submitting comments.
  • Email: [email protected] Include Docket No. CFPB–2018–0009 in the subject line of the message.
  • Mail: Comment Intake, Consumer Financial Protection Bureau, 1700 G Street NW, Washington, DC 20552.
  • Hand Delivery/Courier: Comment Intake, Consumer Financial Protection Bureau, 1700 G Street NW, Washington, DC 20552.

 

Comments must be received by June 7, 2018, and must include the document title and docket number. Commenters are requested to note the number of the topic(s)   commented on at the top of each response. Commenters do not need to comment on all topics.

 

While many elements of CFPB rulemaking are required by law, a number of the CFPB’s rulemaking processes, and certain aspects of how it implements required processes, are discretionary. This RFI seeks public input regarding these discretionary aspects of the CFPB rulemaking processes as outlined below. This RFI is not seeking comment on the content of any particular proposed or final rule.

 

Complete Memorandum