CFPB moves to limit nonbank supervision with new ‘risk to consumers’ definition
via housingwire.com
Short excerpt below. Read at the original source.
The Consumer Financial Protection Bureau (CFPB) this week proposed a new definition for “risks to consumers” when supervising nonbanks. In practice, the change would shift the Bureau’s focus away from cases involving immaterial potential harm and toward serious misconduct, limiting its enforcement actions against these nonbanks. The move comes as the Trump administration continues to […]