Continuing Acting CFPB Director Mick Mulvaney's extensive examination of the agency, the bureau Wednesday asked for comments on its supervisory authority.
The agency has supervisory authority over insured depository institutions and credit unions with total assets over $10 billion, as well as non-depository institutions such as payday lenders and private education lenders.
As with previous requests for comments, the CFPB is asking for comments on such subjects as the regulatory burden involved in its examinations and other ways to improve its supervision of business.
Recommended For You
Mulvaney's aggressive examination of the agency has included asking for comments on many of the bureau's responsibilities.
The CFPB said, in announcing the new request for information that it will also be seeking public comments on such areas as complaint reporting, the rulemaking process, rules the new administration has inherited, consumer education and complaint reporting.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
