View Rule

On July 8, 2024, the CFPB published a final rule under its authorities at 12 U.S.C. 5512(b) and (c) and 5514(b) that requires certain nonbank covered persons that are under certain final public enforcement orders to register with the CFPB via a registry that the CFPB creates for such purposes; to submit copies of public orders to the same; and, where certain such persons are supervised by the CFPB, to prepare and submit written statements regarding such orders for use in connection with the CFPB’s supervisory functions. Under the rule, the CFPB may make available to the public certain information submitted to the registry, including the identity of institutions subject to registration, public enforcement orders, and information regarding those orders.