CFPB Publishes Final Rule To Clarify Its Rulemaking Procedures

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Explore:  CFPB

On December 28, the CFPB published a final rule to clarify what events constitute the “issuance” of its rules. As explained by the CFPB, an agency may treat events other than publication of a rule in the Federal Register as events constituting the issuance of a rule. In some cases the date of issuance of a rule has legal consequences. Pursuant to its final rule, CFPB rules will be considered to be issued on the earlier of the date that such rules are either posted on the CFPB’s website or published in the Federal Register. The rule took effect immediately.

Topics:  CFPB

Published In: Administrative Agency Updates, General Business Updates, Consumer Protection Updates, Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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