WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) and the Office of the Utah Attorney General announced the first joint office hours to be held as part of the American Consumer Financial Innovation Network (ACFIN). Joint office hours, held as part of ACFIN, provide innovators with the opportunity to discuss issues such as financial technology, innovative products or services, regulatory sandboxes, no action letters, and other matters related to financial innovation with officials from the CFPB and state partners.
The joint office hours will be held on Jan. 30, 2020 in Salt Lake City, Utah.
Earlier this year the CFPB, along with state partners, launched ACFIN to enhance coordination among federal and state regulators as it relates to innovation and further objectives such as consumer access, competition, and financial inclusion. Additionally, ACFIN provides a platform for members to share information to facilitate coordination on innovation policies and programs. ACFIN members include attorneys general from Alabama, Alaska, Arizona, Colorado, Georgia, Indiana, South Carolina, Tennessee, and Utah; and state financial regulators from Florida, Georgia, Missouri, and Tennessee. ACFIN membership remains open to any state and federal partners interested in joining.
Innovators interested in requesting a meeting during the joint office hours should request a meeting time by sending an email to email@example.com and describing the topic(s) they would like to discuss during their session. Requests must be received by Jan. 17, 2020. A confirmation for the specific meeting time will then be provided to the requester.
The Consumer Financial Protection Bureau is a 21st century agency that helps consumer finance markets work by regularly identifying and addressing outdated, unnecessary, or unduly burdensome regulations, by making rules more effective, by consistently enforcing federal consumer financial law, and by empowering consumers to take more control over their economic lives. For more information, visit consumerfinance.gov.