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CFPB Updates Supervision Designation Procedures
April 16, 2024
WASHINGTON, April 16 -- The Consumer Financial Protection Bureau issued the following news release:

The Consumer Financial Protection Bureau (CFPB) issued a procedural rule to update how the agency designates a nonbank for supervision. The updates will streamline the designation proceedings for both the CFPB and nonbanks.

The CFPB examines financial institutions, including many nonbanks, for compliance with federal consumer financial protection law. The examinations can . . .

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