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ARTICLE · 08 APRIL 2015

The CFPB And FTC Agree To Continue To Coordinate

Morrison Foerster
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In March 2015, the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) reauthorized their 2012 Memorandum of Understanding (MOU)...

United StatesFinance and Banking
Kevin Matta
Kevin Matta
Natalie Fleming Nolen
Natalie Fleming Nolen
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In March 2015, the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) reauthorized their 2012 Memorandum of Understanding (MOU), extending it for a three-year term with a few small administrative updates. According to the FTC's blog post, titled Peace, Love, and Understanding, the two agencies plan to continue to coordinate.

The MOU covers the following main areas:

  • Law Enforcement. The agencies will protect consumers without unnecessarily burdening businesses by coordinating—and avoiding duplicative—investigations.
  • Rulemaking and Guidelines. The agencies will keep the lines of communication open about planned or ongoing rulemakings and industry guidance.

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