GAO on CFPB’s Consideration of Small Entities: Not Bad, Could Be Better
The Government Accounting Office took a look at how well the CFPB takes into account small entities in its rulemaking process, as required by the Regulatory Flexibility Act. It surveyed 69 small entity representatives, who believed the process the CFPB has in place for hearing their concerns is generally useful, but could be improved. On the other hand, only 7 of 57 respondents were satisfied with the CFPB's final rules. [8/11/16]
