View Rule

On January 30, 2023, the CFPB proposed a rule under its authorities at 12 U.S.C. 5512(b) and (c) and 5514(b) that would require certain nonbank covered persons that are under certain final public enforcement orders to register with the CPFB via a public registry that the CFPB would create 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.  The public registry created by the CFPB would identify institutions subject to registration and include public enforcement orders and information regarding those orders.