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Expert Analysis

Nonbanks, Get Ready For Broader CFPB Oversight

Law360, New York (July 22, 2013, 6:39 PM EDT) -- The Consumer Financial Protection Bureau has issued a final rule, effective Aug. 2, 2013, that establishes procedures to implement the provisions of section 1024(a)(1)(C) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and bring under the CFPB's supervision certain nonbanks whose activities it has reasonable cause to determine pose risks to consumers....

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