Summer Regulatory Summit eBook

CONFIDENTIAL

CFPB Nonbank Public Orders Registry… …Procedures for Supervisory Designation Proceedings

Nonbank Registry:

• Provides evidence of “risk to consumers,” which can be used to initiate… Supervisory Designation Proceeding: • CFPB is required to coordinate with states once a nonbank entity is designated • Recent issues in the field – CFPB ignoring this…