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CFPB proposes process for placing potentially naughty nonbanks under scrutiny
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Nonbank Financial
Tuesday, May 29, 2012
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The Consumer Financial Protection Bureau proposed a rule that would set up procedures to supervise nonbanks that may have engaged in activities that pose risks to consumers. Read on to learn about the proposal and why the agency decided to craft such a rule even though it is not required under Dodd-Frank.
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