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WBK Industry News - Federal Regulatory Developments

CFPB Issues Request For Information Regarding External Engagements

The Acting Director of the CFPB, Mick Mulvaney, recently issued a public Request for Information concerning the CFPB’s external engagements that the CFPB uses to, among other things, discuss and receive public and non-public feedback on its work, inform stakeholders about CFPB activities, and solicit comments about practices and trends in the consumer financial products or services industry. Comments must be received by the CFPB by May 29, 2018.

The external engagements discussed by the Request include field hearings, town halls, roundtables, non-public meetings and public meetings of the CFPB’s Advisory Board and Councils.  The Request seeks feedback on these external engagements including, but not limited to, comments on the following topics: developing strategies for seeking public and private feedback from diverse external stakeholders; finding ways to maximize public participation and constructive feedback; maintaining transparency in determining the particulars of public and private events; promoting transparency of external engagements, including Advisory Board and Council meetings, while protecting confidential business information and encouraging frank dialogue; and soliciting feedback from outside of Washington, D.C., on the CFPB’s work.

The Request provides additional details about its external engagements and procedures for making comments.  The Request may be viewed here.