The nation’s consumer bureau says the public can now submit rule-making petitions directly, and they’ll be posted on public dockets for review and comments.

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) says it made it easier to engage with the agency and request regulatory changes. Effective immediately, members of the public can submit petitions for rulemaking directly to the CFPB that will then be posted on public dockets for review and comment.

“Americans should be able to easily exercise their Constitutional rights without hiring a high-priced lawyer or lobbyist,” says CFPB Director Rohit Chopra. “Our new program will broaden access to the agency’s rulemaking process.”

The U.S. Constitution guarantees the public’s right to petition the government, and the right to do so isn’t new. However, CFPB says its new system will end some confusion because “many individuals and small businesses believe that they must hire former government officials, lawyers or lobbyists in order to be heard by an agency.”

Petitioners, CFPB says, can request a new rule, amend an existing one or repeal a rule. The change only applies to members of the public. It asks former government employees and individuals paid to influence the agency’s rulemaking agenda to submit their petition for public inspection instead.

More information about the rulemaking petitions process, including how and where to submit petitions and comments on petitions, is posted on CFPB’s website.

Consumer complaints about specific financial products or services should be submitted through the CFPB’s complaint website.

 

 

 

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