A handful of industry trade groups urged the CFPB to solicit public comment on its arbitration study before it considers rulemaking on the subject. The groups, which have made similar requests in personal meetings with CFPB officials, said a formal comment period is essential to ensure transparency and to obtain thorough feedback on the 729-page report from all interested parties. “It is impossible for anyone – regardless of point of view – to provide anything other than generalized reactions regarding the study during the one- to two-hour roundtable sessions that the bureau has convened to obtain comment, particularly because these sessions seek input from multiple parties at the same time,” said the trade groups. As they see it, written comments are the ...