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CFPB RIN: 3170-AB17 Publication ID: Fall 2023 
Title: Supervision of Larger Participants in Consumer Payment Markets 

Under section 1024 of the Consumer Financial Protection Act (CFPA), 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 CFPA, for certain markets, the supervision program generally will apply only to "larger participant[s]" of these markets as defined by rule.  The CFPB 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.  In particular, the CFPB is developing a proposed rule to define larger participants in a market for consumer payments.

Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: Undetermined 
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
NPRM  11/00/2023 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
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
Washington, DC 20552
Phone:202 435-7555