25 Sep 2025
📄Supervisory Designation Procedures by CFPB on Nonbank Entities
Procedures for Supervisory Designation Proceedings
Summary
The Consumer Financial Protection Bureau (CFPB or Bureau) is rescinding the amendments it adopted in April 2022, November 2022, and April 2024, to the Procedures for Supervisory Designation Proceedings, with the exception of some limited process adjustments.
Agencies
- Consumer Financial Protection Bureau
Business Impact
$$$ - High
The regulatory text outlines procedures related to the supervisory designation of nonbank financial institutions, impacting compliance requirements for affected businesses. Transparency and confidentiality issues may influence operational reputations and market participation, making these implications crucial for business leaders.