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CFPB requests feedback on enforcement processes

The Consumer Financial Protection Bureau on Feb. 7 issued its third request for information in as many weeks, now asking how to best "achieve meaningful burden reduction" in its enforcement of federal consumer financial law.

Suggested topics for public comment include the calculation of civil money penalties, its standard provisions in consent orders and its coordination with other regulatory agencies.

The CFPB had earlier issued requests for information regarding its investigative demands and its administrative adjudication process. The next request for feedback will be about supervisory processes.