Under section 1024 of the Dodd-Frank Act, the CFPB is authorized to supervise certain nonbank covered persons for compliance with Federal consumer financial laws and for other purposes. Under section 1024(a)(1)(B) of the Dodd-Frank Act, for certain markets, the supervision program generally will apply only to "larger participant[s]” of these markets. The Bureau has defined larger participants in several markets and is considering issuing additional regulations to define further the scope of the CFPB's nonbank supervision program. In particular, the Bureau is considering rules to define larger participants in markets for consumer installment loans and vehicle title loans for purposes of supervision. The Bureau is also considering suggestions by a number of industry and consumer advocates that requiring registration of certain non-depository lenders would facilitate Bureau supervision and be helpful to the market.