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Category: Policy and compliance |
Published

The CFPB launches its nonbank supervision program

A Beginning Today marks an important step forward for the CFPB as we work to protect consumers. Going forward, the CFPB will expand its bank supervision program (which began last July) to nonbanks, ensuring that banks and nonbanks play by the same rules. Before we get ahead of ourselves, it makes sense to remember what […]

Category: Policy and compliance | Category: At the CFPB |
Published

A consumer-centered supervision program

Yesterday, we began operation of what will be the largest function within the CFPB: Supervision. As part of this effort, Special Advisor to the Secretary of the Treasury Elizabeth Warren and Assistant Director for Bank Supervision Steve Antonakes signed and sent introductory letters to the CEOs of over 170 financial institutions that are subject to […]

Category: Policy and compliance |
Published

Reaching out for Input: Help Us Define “Larger Participants.”

Today and tomorrow, we will be meeting with nearly 100 organizations from across the country to hear their views about an important building block for our nonbank supervision program. These groups represent a wide range of interests: consumers, nonbank financial services providers, depository institutions, and others. From the very start, we have made it a […]

Category: Policy and compliance | Category: At the CFPB |
Published

Be a Part of Our Supervision Team

We’re looking for highly motivated individuals who want to make a difference and be part of an important mission: helping consumers. The Consumer Financial Protection Bureau is a brand-new 21st century agency with responsibility for making markets for consumer financial products and services work for Americans. To help carry out that mission, we will supervise […]