Statement of Intent for sharing information with State banking and financial services regulators

The Consumer Financial Protection Bureau (“CFPB”) is committed to developing productive working relationships with State banking and financial services regulators (State Regulators). The CFPB recognizes the importance of coordinating supervision and other activities relating to nonbank consumer financial service providers over which the CFPB and State Regulators have jurisdiction. Such coordination was a purpose of the January 4, 2011 memorandum of understanding (“MOU”) and similar MOUs the CFPB has entered into with various State Regulators. Effective State and Federal coordination benefits supervised entities and the consumers they serve through more efficient supervision.

Statement of Intent

View document