CFPB smooths path for individuals to be part of rulemaking

The Consumer Financial Protection Bureau (CFPB) wants to make it easier for individuals to have a say in how credit bureaus, auto finance companies and other providers of financial services are regulated by the agency.

Last week, in an effort for what the CFPB described as an easier path for the public to engage meaningfully with the agency and request regulatory changes, the bureau said members of the public now can submit petitions for rulemaking directly to the CFPB.