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CFPB RIN: 3170-AA24 Publication ID: Spring 2013 
Title: Procedural Rule To Establish Supervisory Authority Over Certain Nonbank Covered Persons Based on Risk Determination 
Abstract: Under section 1024 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (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)(C) of the Dodd-Frank Act, the CFPB may bring under its supervisory authority any nonbank covered person who the CFPB has reasonable cause to determine is engaging, or has engaged, in conduct that poses risks to consumers. The CFPB anticipates publishing a final rule that would establish procedures for bringing within the scope of the CFPB's nonbank supervision program certain covered persons whose conduct the CFPB has reasonable cause to determine poses risks to consumers. 
Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Info./Admin./Other 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 12 CFR 1091   
Legal Authority: 12 USC 5514(a)(1)(C)    12 USC 5512(b)(1)    12 USC 5514(b)(7)(A)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  05/25/2012  77 FR 31226   
NPRM Comment Period End  07/24/2012 
Final Action  07/00/2013 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Christopher Young
Office of Supervision Policy
Consumer Financial Protection Bureau
Phone:202 435-7555