Ask the CFPB

The CFPB has created a new online form for asking informal staff guidance on questions about CFPB regulations.  From the CFPB’s page:

The Bureau’s Office of Regulations offers financial institutions, service providers, and others informal staff guidance on specific questions about the Bureau’s regulations. The Bureau also makes available on its website extensive written implementation and guidance materials, which answer most common questions. Please consult those materials before submitting a question using this form.

You can expect to hear back from us in 10-15 business days. If we need more time to answer your question or cannot answer your question, we will tell you. Response times and formats vary depending on the current volume of questions, the amount of time needed to research your question, and staff availability.

Please understand that the responses we provide are not official interpretations of the Bureau and are not a substitute for formal legal counsel or other compliance advice. For example, we cannot moderate disputes between parties, provide guidance on matters that are under examination or investigation by the Bureau or another state or federal agency, or answer questions about specific business plans. We also cannot provide guidance on state law or federal law that is not under the Bureau’s authority. Comments on pending rulemakings should be submitted to the public docket. Information on upcoming rulemakings is available in the unified agenda.

Passwords to access the blog posts, and blog posts are only for CSG owners and retained clients. These should not be shared outside of the organization. Blog posts generally contain only a summary of any requirements, and do not represent all potential impact on the organization. For further details on any blog post, contact CSG or references cited in the blog post. The information contained on this site is provided for informational purposes only, and should not be construed as legal advice.

 

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