CFPB, Utah AG to hold first joint Office Hours at month-end; is part of innovation network unveiled in September

A joint “office hours” to be held as part of the American Consumer Financial Innovation Network (ACFIN) is slated to be held Jan. 30 in Salt Lake City by the federal consumer protection agency and Utah’s attorney general (AG).

The Consumer Financial Protection Bureau (CFPB) said the joint office hours “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.”

Announced in September, ACFIN was launched to enhance coordination among federal and state regulators as it relates to innovation and further objectives such as consumer access, competition, and financial inclusion, the bureau said. It’s also a platform for members to share information to facilitate coordination on innovation policies and programs.

When first announced, the group had seven state AGs as members. Today, the CFPB says ACFIN members include the AGs from Alabama, Alaska, Arizona, Colorado, Georgia, Indiana, South Carolina, Tennessee, and Utah; and state financial regulators from Florida, Georgia, Missouri, and Tennessee. The CFPB says ACFIN membership “remains open to any state and federal partners interested in joining.”

Innovators interested in requesting a meeting during the Jan. 30 joint office hours should submit their requests by Jan. 17. Requests should be sent by email to officeofinnovation@cfpb.gov and describe what topics the requesters wish to discuss.

RR: ‘Innovation network’ among federal, state regulators unveiled by consumer bureau (Sept. 10, 2019)

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