May 5, 2022 Click for PDF On April 25, 2022, the Consumer Financial Protection Bureau announced that it will begin relying upon a “largely unused legal provision” of the Dodd-Frank Act to supervise nonbank financial companies that purportedly pose risks to consumers. To facilitate that process, the CFPB simultaneously promulgated […]
Nonbank
Washington, D.C. – The Purchaser Monetary Defense Bureau (CFPB) announced that it is invoking a mostly unused lawful provision to examine nonbank financial corporations that pose threats to buyers. The CFPB believes that employing this dormant authority will aid shield customers and degree the enjoying discipline concerning financial institutions and […]

 
 United States: 
 
 FSOC Interprets Its Personal Authority To Regulate Nonbank Fiscal Firms
 
 09 February 2022 
 Cadwalader, Wickersham & Taft LLP
 
 
 
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 The Monetary Security Oversight Council
 (“FSOC”) finalized interpretive […]