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CFPB proposes trimming nonbank purview
https://www.paymentsdive.com/news/cfpb-proposes-trimming-nonbank-purview-risks-consumers-supervision-vought/758653/
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A CFPB rule proposed Tuesday would restrict the bureau’s ability to supervise nonbanks. The agency said it aims to adopt a binding, standardized definition of “risks to consumers” that would make enforcement consistent.
