Washington Report

Advocacy Updates from Washington D.C.

New CFPB Request for Information

The Consumer Financial Protection Bureau (CFPB) has issued another Request for Information (RFI) examining the agency’s consumer financial education programs, including topics, delivery channels, and use of technology. Some of the topics addressed by the agency’s financial programs include: credit products, histories, and scores; savings, borrowing, and other services from financial institutions, and; preparing for major purchases such as higher education, buying a house, and retirement planning.

The CFPB has issued a number of other RFIs on various agency practices in order to assess the efficiency and effectiveness of the agency. Links to RFI comments and the due dates are as follows:

  1. Civil investigative demands (CIDs) - due April 26, 2018
  2. Administration adjudications  - due May 7, 2018
  3. Enforcement proceedings - due May 14, 2018
  4. Supervision - due May 21, 2018
  5. External engagements - due May 29, 2018
  6. Consumer complaint database - due June 4, 2018
  7. Rulemaking processes - due June 7, 2018
  8. Adopted Regulations and New Rulemaking - due June 19, 2018
  9. Inherited Regulations and Inherited Rulemaking Authorities - due June 25, 2018
  10. Guidance and Implementation Support - due July 2, 2018
  11. Financial Education Programs - due 90 days from publication in the Federal Register.

NAR will be submitting comments on the RFIs and encourage feedback from members wishing to weigh in on these important issues anonymously. For more on the CFPB’s RFI efforts, including future requests, please visit this page on the CFPB website.