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CFPB Revamps Its Rule Suggestion Box To Boost Public Input, Law360

February 16, 2022

Of counsel Eamonn Moran spoke to Law360 about efforts from the Consumer Financial Protection Bureau (CFPB) to encourage individuals, small businesses, and other outside parties to submit petitions for rulemaking in order to strengthen ethics and transparency standards. "The traditional criticism has been that it's large stakeholders that engage most frequently with agencies across the board, so this may help democratize the policy process a bit," Eamonn said, adding that “I would hope that there would be more granularity provided in terms of processes and procedures so that the public has a better idea of what happens when a petition is evaluated.”

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