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CFPB Launches Pilot Advisory Opinion Program

Friday, June 19, 2020   (0 Comments)
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CFPB Launches Pilot Advisory Opinion Program to Provide Regulated Entities Clear Guidance & Improve Compliance


On Thursday, the Consumer Financial Protection Bureau (CFPB) launched a pilot advisory opinion (AO) program to publicly address regulatory uncertainty in the CFPB's existing regulations. The pilot AO program will allow entities seeking to comply with regulatory requirements to submit a request where uncertainty exists. The CFPB will then select topics based on the program’s priorities and make the responses available to the public. Requests for advisory opinions may be submitted via email to advisoryopinion@cfpb.gov.


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