CFPB Proposes New Rule For Regulating Risky Nonbanks

By  |  May 24, 2012
 | 

The Consumer Financial Protection Bureau published its proposal for a new rule that would guide its regulation of nonbank entities “that may have engaged in activities that pose risks to consumers.”

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    The proposed rule includes a provision for notifying nonbanks that they have been put on watch by the CFPB, a release explains.

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