CFPB Issues New Rule Supervising Nonbanks

Home » CFPB Issues New Rule Supervising Nonbanks

The Consumer Financial Protection Bureau (“CFPB”) has issued a final rule, outlining new procedures for establishing supervisory authority over nonbanks. The rule provides substantial latitude to the agency and extends its ability to regulate the previously unregulated. According to the CFPB, the final rule was not required but was issued to provide transparency regarding the […]

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