Compliance
CFPB Requests Specific Suggestions for Streamlining Regulations
In today's Federal Register, the CFPB published a request for specific suggestions on how to streamline and simplify regulations it inherited from other agencies as a result of various provisions of the Dodd-Frank Act. They are asking the public to identify provisions of the inherited regulations that the CFPB should make the highest priority for updating, modifying, or eliminating because they are outdated, unduly burdensome, or unnecessary. [ Download Federal Register ],
The notice also discusses several specific requirements that may warrant review and seeks suggestions for practical measures to make complying with the regulations easier.
Comments must be submitted by March 5, 2012. Commenters will have 30 additional days, until April 3, 2012, to respond to other comments.
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