Bureau, CO set joint ‘office hours’ for innovators early next month

The federal consumer financial protection bureau will join with the Colorado attorney general Dec. 2 in offering joint, virtual “office hours” which the two groups said they hope will be beneficial to financial innovators.

In a joint release, the Consumer Financial Protection Bureau (CFPB) and office of the Colorado Attorney General announced joint, virtual office hours to be held as part of the American Consumer Financial Innovation Network (ACFIN). The bureau and attorney general’s office said the office hours will provide innovators “with the opportunity to discuss issues such as financial technology, innovative products or services, and other matters related to financial innovation with officials from the CFPB and state partners.”

Innovators may request an office hours meeting by Nov. 23, including the topics to discuss during their session. A confirmation for the specific meeting time will then be provided to the requester.

According to CFPB, the ACFIN was created last year with states with an aim of enhancing innovation coordination among federal and state regulators and other issues including consumer access, competition, and financial inclusion. It is intended, the agency said, to provide a platform for members to share information to facilitate coordination on innovation policies and programs.

Members of the network are the Office of the Comptroller of the Currency (OCC) and attorneys general from Alabama, Arizona, Colorado, Georgia, Indiana, Ohio, South Carolina, Tennessee, and Utah; and state financial regulators from Alaska, Colorado, Florida, Georgia, Missouri, Ohio, Tennessee, Utah, and Wyoming.

ACFIN membership is open to any state and federal partners interested in joining, according to CFPB.

CFPB, Colorado’s Attorney General Announce Joint, Virtual Office Hours