Advisory Opinion program
The Bureau’s Advisory Opinion program provides written guidance to assist regulated entities to better understand their legal and regulatory obligations through advisory opinions.
The Advisory Opinion program focuses primarily on clarifying ambiguities in the Bureau’s regulations, although advisory opinions may clarify statutory ambiguities. Parties may submit requests for advisory opinions regarding any issue under the Bureau’s purview that can be resolved through an interpretive rule.
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On November 30, 2020, the Bureau issued an advisory opinion related to earned wage access and an advisory opinion related to private education loans . The Bureau also issued the final Advisory Opinions policy .
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Purpose of the program
The Advisory Opinion program provides a mechanism through which the Bureau can more effectively carry out its statutory purposes and objectives by better enabling compliance in the face of regulatory and statutory uncertainty.
Policy and related documents
Final Advisory Opinions Policy
Advisory Opinion Letters
Earned wage access – Nov. 30, 2020
Private education loans – Nov. 30, 2020
Submit a request for an advisory opinion
Submit your request for an advisory opinion to advisoryopinion@cfpb.gov. Requests will be accepted and reviewed on a rolling basis