CFPB Signs “Supervisory Coordination” Memo With Other Regulators

By  |  June 4, 2012
 | 

The Consumer Financial Protection Bureau entered into a Memorandum of Understanding with four other regulators this week: the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The four — collectively known as the “prudential regulators” — will coordinate with the CFPB on the supervision of depository institutions with more than $10 billion in assets.

    A release from the Federal Reserve’s Board of Governors further explains the new agreement.

    Read the full story here.


    See More In: