CFPB Streamlines Nonbank Supervisory Designation Procedures
By Timothy A. Butler, Matthew White, Tessa Cierny, Greenberg Traurig, LLP
On April 16, 2024, the CFPB issued a revised rule aimed at streamlining its procedures for designating nonbank covered entities for supervision. The CFPB said the revised procedures “reflect changes to the CFPB’s organizational structure,” but also noted that the revised procedures would lead to a “reduction in time and general streamlining of the decisional process” by which nonbanks are designated for supervision.
Originally published at gtlaw-financialservicesobserver.com
Citation
Timothy A. Butler, Matthew White, Tessa Cierny, Greenberg Traurig, LLP, CFPB Streamlines Nonbank Supervisory Designation Procedures, Consumer Protection Insights (April 23, 2024) [The Library at LexBlog, LEX-WK-9WTVV0AB, lexpid.org/9WTVV0AB]
Filed under
Locations
Organization