In his first public pronouncement as acting director since the end of November, Mick Mulvaney announced the Consumer Financial Protection Bureau (CFPB) would begin issuing requests for information (RFIs) on nearly all aspects of the bureau’s work.
The first RFI will seek public comment on Civil Investigative Demands, but Hahn Loeser & Parks, LLP Partner Derek Diaz told RESPA News the most obvious area which could be targeted by public feedback is the CFPB’s practice of regulation by enforcement.
Read on for more of the CFPB’s announcement and Diaz’s ideas of how the process could unfold.
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