CFPB Initiates Inherited Regulations Streamlining Process
December 08, 2011
Ky Tran-Trong & Kevin Petrasic
This Stay Current discusses the CFPB's publication in the Federal Register on December 5 of a Notice requesting comment on its inherited regulations streamlining proposal. The Notice provides an opportunity for financial services providers subject to the rules inherited by the CFPB to provide recommendations on how to update the regulatory framework in order to both better protect consumers as well as eliminate unnecessary compliance obligations as consumer products and the systems for delivering these products evolve.