The Consumer Financial Protection Bureau (CFPB) recently posted its Enforcement Policy and Procedures Manual (Manual) on its FOIA reading room website. This is a welcome step in transparency, which was driven by the agency's receipt of multiple FOIA requests for the Manual. Other documents available in the FOIA reading room relating to the agency's enforcement process now include the instructions and template for the memo sent to the Action Review Committee (ARC), which determines whether issues identified in the course of a CFPB examination warrant public enforcement action, and a template of the memo that staff send to the Director seeking authority to settle or sue at the conclusion of an enforcement investigation. Hopefully, the CFPB will not wait for multiple FOIA requests to post other helpful documents on its website, such as a staff directory, which is available via FOIA request but is not currently posted on the CFPB website.
Keywords: CFPB, CID, Civil Investigative Demand, Consumer Financial Protection Bureau, Enforcement
Originally published November 20, 2017
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