National Federation of Independent Business filed 1 comment on this docket between Sep 23, 2025 and Sep 23, 2025. 1 other organizations filed here. The comment window closed 306d ago.
National Federation of Independent Business (NFIB) comment letter of September 23, 2025, to Consumer Financial Protection Bureau (CFPB) in response to CFPB notice titled "Legal Standard Applicable to Supervisory Designation Proceedings," CFPB-2025-0018, 90 Fed. Reg. 41520 (August 26, 2025), is attached.
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/
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