WASHINGTON, Oct. 29 -- Consumer Financial Protection Bureau has issued a rule called: Rules of Practice for Adjudication Proceedings.
The rule was published in the Federal Register on Oct. 29 by Russell Vought, Acting Director, Consumer Financial Protection Bureau.
Summary: The Rules of Practice for Adjudication Proceedings (Rules of Practice) govern adjudication proceedings conducted by the Consumer Financial Protection Bureau (CFPB). The CFPB issued a proposal to rescind amendments it adopted to the Rules of Practice on February 22, 2022, and March 29, 2023 (2022 and 2023 amendments). The 2022 and 2023 amendments that the Bureau proposed to rescind included a new deposition process, amendments concerning timing and deadlines, bifurcatio...