AmericanBanker, January 17, 2018: Mulvaney launches public review of entire CFPB
The CFPB said it plans to publish a series of requests for information in the Federal Register in the coming weeks asking for the public to weigh in on the agency’s enforcement, supervision, rulemaking, market monitoring and education activities.
“In this New Year, and under new leadership, it is natural for the bureau to critically examine its policies and practices to ensure they align with the bureau’s statutory mandate,” Mulvaney said in a press release. “Moving forward, the bureau will consistently seek out constructive feedback and welcome ideas for improvement.”
It was the second significant move by Mulvaney in two days. He announced Tuesday that the agency would reopen its final rule targeting payday lending, a decision that has sparked condemnation by Democrats and consumer groups.