US Consumer Financial Protection Bureau Rulemaking: A New Frontier for Cost-Benefit Analysis

April 27, 2012
The Consumer Financial Protection Bureau has announced plans to propose a series of rules regarding mortgage servicing. In its rulemaking, the CFPB is required to perform a cost-benefit analysis and is subject to additional unique comment and review procedures established by the Dodd-Frank Act. In this update, we examine the opportunities the CFPB’s cost-benefit analysis and other rulemaking requirements provide to persons who may wish to comment on the forthcoming mortgage servicing regulations or other future CFPB rulemakings.