The Consumer Financial Protection Bureau has issued a Request for Information (RFI) regarding the overall effectiveness and accessibility of the bureau’s guidance materials and activities, as well as implementation support. The RFI particularly focuses on the usefulness of “non-rule guidance.”
The RFI notes that legislative rules have the “force and effect of law,” interpretive rules leave open the possibility of discrepancies in opinions, which can lead to complications.
Find out more details about what insight the bureau is hoping to gain from respondents.