CFPB Looks to Expand Its Oversight of Nonbanks through Two Controversial New Registries

The Consumer Financial Protection Bureau (“CFPB” or “Bureau”) released two new proposals that aim to expand the Bureau’s authority over nonbank financial institutions: A “repeat offender” registry of consent orders or settlements with an array of state and federal regulators relating to compliance with consumer protection laws (“Repeat Offender Proposal”); and A public registry of… View ArticleOriginal Article