Details

  • Service: Advisory, Risk Consulting, Financial Risk Management
  • Industry: Banking & Capital Markets
  • Type: Publication series
  • Date: 4/11/2013

Regulatory Practice Letter #12-24 

CFPB Nonbank Supervision - Larger Participants for Debt Collection and Credit Reporting - Final Rules
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In February 2012, the Bureau of Consumer Financial Protection (“CFPB” or “Bureau”) released a proposed rule to define “larger participants” in the consumer debt collection and consumer reporting markets for purposes of identifying certain nonbank financial services providers that would be subject to supervision under the Bureau’s nonbank supervision program.