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CFPB seeking Tech Sprint opportunities
The CFPB has published in today's Federal Register a notice and request for information to identify opportunities to utilize Tech Sprints as a means to encourage regulatory innovation and collaborate with stakeholders in developing viable solutions to regulatory compliance challenges. Tech Sprints have been used successfully by the Financial Conduct Authority in the United Kingdom to gather regulators, technologists, financial institutions, and subject matter experts from key stakeholders for several days to work together to develop innovative solutions to clearly-identified challenges.
Tech Sprints have also been used by the U.S. Census Bureau, where tech companies, universities, government and communities together worked to translate U.S. government open data into useful digital products over the course of a 12-week sprint. At the end of the sprint, products launched and often moved on to full development as tools for the public.
Comments are due by November 8, 2019.