Financial Services Committee Members Seek Information on CFPB Cost-Benefit Analysis

CFPB

On March 29, Representatives Randy Neugebauer and Shelley Moore Capito sent a letter to CFPB Director Richard Cordray seeking his assurance that the CFPB will “conduct rigorous, transparent cost-benefit analysis whenever it drafts a new rule.” The letter also asks the CFPB to respond by April 19 to a series of questions related to its rulemaking and other regulatory processes and procedures, as well as the applicability of federal regulatory reform initiatives to the CFPB’s regulatory activities.