CFPB Tapping Unused Supervision Authority To Examine Fintechs And Other Nonbank Entities Deemed To “Pose Risks” To Consumers

LexisNexis (July 18, 2022, 2:15 PM EDT) -- In 2010 Congress granted the Consumer Financial Protection Bureau authority to supervise a nonbank financial company when it has “reasonable cause” to determine that the nonfinancial company is engaging in, or...
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