CFPB Proposes Rescission of Rule Requiring Nonbank Reporting of Government Orders
May 14, 2025
May 14, 2025
WASHINGTON, May 14 (TNSFR) -- The Consumer Financial Protection Bureau has proposed rescinding a regulation that currently requires certain nonbank financial entities to report public agency and court orders related to the provision of consumer financial products and services. Published in the Federal Register on May 14, 2025, the proposed rule targets the repeal of the 2024 Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders rule, known as the NBR Rule, which is codif . . .