The Consumer Financial Protection Bureau’s (CFPB) freshly minted Office of Innovation has a proposed a rule to establish a Disclosure Sandbox designed to encourage companies to engage in trial programs to improve compliance with the bureau’s existing disclosure policies.
The proposal could highlight the bureau’s stated intent to work on increasing coordination with federal and state regulators. Industry advocacy groups have called for an extension to the comment period connected to the proposal.
Find out more details about what the new sandbox would entail.