Legal Standard Applicable to Supervisory Designation Proceedings

2 organizations filed 2 public comments on Legal Standard Applicable to Supervisory Designation Proceedings, at the Consumer Financial Protection Bureau. The comment window closed 306d ago.

Abstract

SUMMARY: The Consumer Financial Protection Bureau (Bureau or CFPB) is proposing to adopt a standard definition of “risks to consumers with regard to the offering or provision of consumer financial products or services” that will bind the Bureau in proceedings to designate nonbank covered persons for Bureau supervision. This will ensure that the Bureau acts within the bounds of its statutory authority and provide clarity to institutions about the standard the Bureau applies. ADDITIONAL INFORMATION: 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 (2)

• American Bankers Associationtrade assoc.

  1 filing · confidence 97%
• National Federation of Independent Businesstrade assoc.

  1 filing · confidence 97%