Husch Blackwell Financial Services & Capital Markets Industry Group’s Post

The CFPB updated its procedures for overseeing non-bank financial firms with a seemingly routine rule. However, it's now evident that the agency has split its examination and enforcement arms into separate divisions, diverging from their previous combined structure under SEFL. “Though they were under the same division, they were fairly autonomous,” says Mike G. Silver, a partner at Husch Blackwell and a former senior counsel at the agency. He notes it could make some proceedings – such as the agency’s process for putting certain non-banks under its oversight, which was the subject of yesterday’s rule – “quicker and more streamlined.” Read more (log-in may be required): https://lnkd.in/g2VKeWUa #consumerfinance #nonbanks #regulationupdate

A Civil Discussion on Financial Regulation? Yes, at the Federalist Society

A Civil Discussion on Financial Regulation? Yes, at the Federalist Society

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