Supervisory Authority Over Certain Nonbank Covered Persons Based on Risk Determination; Public Release of Decisions and Orders

Title: Supervisory Authority Over Certain Nonbank Covered Persons Based on Risk Determination; Public Release of Decisions and Orders
Subject: Nonbank covered persons
Agency: CFPB
Status:
Procedural rule; request for public comment
Summary:

The Consumer Financial Protection Bureau (Bureau) is amending an aspect of procedures for establishing supervisory authority based on a risk determination. Specifically, the Bureau is adding a mechanism for the Bureau to make final decisions and orders in these proceedings public. The Bureau welcomes comments on this rule, and the Bureau may make further amendments if it receives comments warranting changes.

FR Doc: 2022-09107
Date proposed: April 25, 2022
Comments due date: May 31, 2022
Effective date:

April 29, 2022

Rule compliance date:
Agency release:
Related Reg Report item(s):

Bureau to take on exams of nonbank firms posing risk to consumers; new rule proposed

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