On January 10, the CFPB issued a notice of proposed rulemaking concerning amendments to its existing Supplemental Standards of Ethical Conduct for Employees. Among other things, the proposed rule would amend CFPB Ethics Regulations that address: (i) outside employment for covered employees; (ii) Bureau employee ownership or control of certain securities; (iii) restrictions on seeking, obtaining, or renegotiating credit; and (iv) disqualification requirements based on existing indebtedness. The proposed rule is also intended to clarify certain definitions. Comments on the proposal must be received on or before February 9.