The Board of Governors of the Federal Reserve System announced that it will sunset its novel activities supervision program and return to monitoring novel activities of banks subject to its supervision through... Read more »
The Consumer Financial Protection Bureau (CFPB) is proposing to adopt a standard definition of “risks to consumers with regard to the offering or provision of consumer financial products or services” that would... Read more »
The Financial Action Task Force (FATF) has published a report on best practices on travel rule supervision. Source link Read more »
For people involved in non-violent criminal cases, supervision not only presents a second chance at a productive life but saves taxpayers tens of thousands of dollars compared to the costs associated with... Read more »
The Consumer Financial Protection Bureau (CFPB) has announced it will not prioritize enforcement or supervision actions regarding the small business lending data collection rule it issued as required by the amendment of... Read more »
This Law Firm Publication by Troutman Pepper Locke discusses a Consumer Financial Protection Bureau (CFPB) staff memo which outlines the CFPB’s supervision and enforcement priorities for 2025. Source link Read more »
The CFPB published a supervisory designation order, determining that Google Payment Corp., the payment arm of Google LLC, has met the legal requirements for CFPB supervision. Source link Read more »
On February 23, the Consumer Financial Protection Bureau announced its first public decision designating a nonbank lender for supervision based on the institution’s potential risk to consumers. According to the Bureau, the installment lender,... Read more »