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Nonbank Firms Regulatory Authority Supervisory Guidance

Mayer Brown

CFPB Issues Order Establishing Supervisory Authority Over Nonbanks

Mayer Brown on

On February 23, 2024, the Consumer Financial Protection Bureau (“CFPB” or “Bureau”) published an order establishing supervisory authority over a small-loan consumer finance company, using a Dodd-Frank Act provision that...more

Cadwalader, Wickersham & Taft LLP

Spring Cleaning: CFPB Dusts Off “Dormant” Authority to Supervise “Risky” Conduct by Nonbanks

On April 25, 2022, the Consumer Financial Protection Bureau (CFPB) announced plans to revitalize its authority to examine “nonbank” financial companies that pose risks to consumers. Though the CFPB has held this authority...more

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