Democratic lawmakers are pressing the Consumer Financial Protection Bureau (CFPB) to provide more details about a possible new program through which the agency would allow individual companies to request that the bureau tailor its supervisory approach to specific facts and circumstances pertaining to those companies.
CFPB Deputy Director Brian Johnson announced that the bureau was considering issuing a formal advisory opinion on the creation of such a program while speaking at a recent policy forum.
Find out more details about the senators’ concerns.