Federal Register: CFPB Seeks Public Input on Investigative Demands Process
The Consumer Financial Protection Bureau's ("CFPB") request for public input on its Civil Investigative Demands ("CIDs") process was published in the Federal Register.
CIDs are requests for information that are issued in relation to enforcement actions. As previously reported, the CFPB is soliciting feedback concerning how CIDs can be updated to better achieve CFPB objectives, minimize burdens and align with existing processes in place for other agencies with similar authorities.
Comments must be submitted by April 6, 2018.
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The Consumer Financial Protection Bureau will solicit public input on how best to fulfill its proper and appropriate functions to protect consumers.