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CFPB RIN: 3170-AA47 Publication ID: Spring 2017 
Title: Defining Larger Participants in Certain Consumer Financial Product and Service Markets 

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.


Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 12 U.S.C. 5514(a)(1)(B)    12 U.S.C. 5514(a)(2)    12 U.S.C. 5512(b)(1)    12 U.S.C. 5514(b)(7)   
Legal Deadline:  None
Action Date FR Cite
Next Action Undetermined  To Be Determined 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Lisa Cole
Office of Regulations
Consumer Financial Protection Bureau
Phone:202 435-7700