CFPB Invokes Dormant Authority to Examine Nonbank Companies Posing Risks to Consumers
cfpb Consumer Financial Protection Bureau April 25, 2022 Bureau Seeks Comment on Updated Procedures Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) announced that it is invoking a largely unused legal provision to examine nonbank financial companies that pose risks to consumers. The CFPB believes that utilizing this dormant authority will help protect consumers and […]
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