Consumer Financial Protection Bureau Rethinks Consumer Reporting Supervision
August 08, 2025
August 08, 2025
WASHINGTON, Aug. 8 (TNSFR) -- The Consumer Financial Protection Bureau is seeking public feedback on a proposal to change how it supervises nonbank consumer reporting companies.
The agency is questioning whether its existing rule is still appropriate. The current test for supervision, known as the Larger Participant Rule, applies to companies with more than $7 million in yearly income from consumer reporting activities. Under this rule, a company that provides information about cred . . .
The agency is questioning whether its existing rule is still appropriate. The current test for supervision, known as the Larger Participant Rule, applies to companies with more than $7 million in yearly income from consumer reporting activities. Under this rule, a company that provides information about cred . . .