Details

  • Service: Tax, U.S. Indirect Tax, Advisory, Risk Consulting, Financial Risk Management
  • Industry: Banking & Capital Markets
  • Type: Publication series
  • Date: 6/7/2012

Regulatory Practice Letter (RPL) 12-10 

Risk-Based Nonbank Supervision - CFPB Proposed Rule
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The Bureau of Consumer Financial Protection (“CFPB” or “Bureau”) released a proposed rule on May 24, 2012 that would establish procedures by which the Bureau would subject a nonbank provider of consumer financial products and services to CFPB supervision when the nonbank would not otherwise be covered by the CFPB’s supervisory authority.