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ARTICLE · 02 FEBRUARY 2018

With CID Request, CFPB Follows Through On Plan To Review Functions

Morrison Foerster
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On January 26, 2018, the Consumer Financial Protection Bureau (CFPB or "Bureau") published a Request for Information (RFI) in the Federal Register regarding the Bureau's Civil Investigative Demand (CID) processes.

United StatesFinance and Banking
Donald Lampe
Donald Lampe
Steven M Kaufmann
Steven M Kaufmann
Amanda J. Mollo
Amanda J. Mollo
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On January 26, 2018, the Consumer Financial Protection Bureau (CFPB or "Bureau") published a Request for Information (RFI) in the Federal Register regarding the Bureau's Civil Investigative Demand (CID) processes. According to the Bureau's related press release, the RFI is the first part of Acting Director Mick Mulvaney's "call for evidence" about the Bureau's functions, about which we previously reported. As presaged in the Bureau's press release, the RFI is designed to "ensure the Bureau is fulfilling its proper and appropriate functions to best protect consumers" and to facilitate updating, streamlining, and revising agency processes "to better achieve the Bureau's statutory and regulatory objectives." The comment period extends until March 27, 2018.1

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