Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders

15 organizations filed 15 public comments on Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders, at the Consumer Financial Protection Bureau. The comment window closed 1215d ago.

Abstract

Pursuant to its authorities under the Consumer Financial Protection Act of 2010 (CFPA), the Consumer Financial Protection Bureau (Bureau or CFPB) is proposing to require certain nonbank covered person entities (with exclusions for insured depository institutions, insured credit unions, related persons, States, certain other entities, and natural persons) that are under certain final public orders obtained or issued by a Federal, State, or local agency in connection with the offering or provision of a consumer financial product or service to report the existence of such orders to a Bureau registry. The Bureau is proposing to include all final public written orders and judgments (including consent and stipulated orders and judgments) obtained or issued by the Bureau or any government agency (Federal, State, or local) for violation of certain consumer protection laws. Pursuant to its authority under the CFPA, the Bureau is also proposing to require certain supervised nonbanks to submit annual written statements regarding compliance with each underlying order, signed by an attesting executive who has knowledge of the entity’s relevant systems and procedures for achieving compliance and control over the entity’s compliance efforts. For more information about commenting on CFPB’s Notices, please visit us at: https://www.consumerfinance.gov/rules-policy/notice-opportunities-comment/commenting-on-notices/

Commenters (15)

• A Financial Services Alliancetrade assoc.

  1 filing · confidence 85%
• American Financial Services Associationtrade assoc.

  1 filing · confidence 85%
• American Fintech Counciltrade assoc.

  1 filing · confidence 85%
• Coalition led by National Taxpayers Uniontrade assoc.

  1 filing · confidence 85%
• Credit Union National Associationtrade assoc.

  1 filing · confidence 97%
• Electronic Transactions Associationtrade assoc.

  1 filing · confidence 85%
• Eli A. Rosenberg On behalf of the Money Service Business Associationtrade assoc.

  1 filing · confidence 85%
• Global LEI Foundationtrade assoc.

  1 filing · confidence 85%
• Housing Policy Counciltrade assoc.

  1 filing · confidence 85%
• Manufactured Housing Institutetrade assoc.

  1 filing · confidence 85%
• Mortgage Bankers Associationtrade assoc.

  1 filing · confidence 97%
• National Creditors Bar Associationtrade assoc.

  1 filing · confidence 85%
• Ohio Credit Union Leaguetrade assoc.

  1 filing · confidence 97%
• Online Lenders Alliancetrade assoc.

  1 filing · confidence 85%
• U.S. Chamber of Commerce

  1 filing · confidence 97%