CFPB Finalizes Rule for Supervising Nonbanks Engaged in ‘Risky’ Conduct (July 3, 2013)
July 3, 2013 The Consumer Financial Protection Bureau has finalized its rule outlining procedures to supervise nonbanks engaged in conduct that poses risk to consumers. The CFPB may supervise not only nonbank providers of consumer financial products and services, but its authority also extends to a nonbank’s affiliate service providers, according to the rule. The […]