Under the Dodd-Frank Act, the CFPB is considering issuing additional proposals to implement its supervisory program for nonbank covered persons. 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. The CFPB also monitors market trends and developments, which may cause the Bureau to propose amendments on occasion to existing rules defining "larger participants” of these markets.