One office to oversee CFPB nonbank, large bank examinations

Examinations of banks and nonbanks within the Consumer Financial Protection Bureau’s supervisory ambit will be directed by one office under a reorganization plan unveiled by the agency on Dec. 17. Until now, the CFPB’s supervision function has been organized into offices for Nonbank and Large Bank Supervision. Steve Antonakes, the bureau’s associate director for Supervision, Enforcement and Fair Lending, said the agency will still have two supervision offices at headquarters after the reorganization — one focused on examinations and the other focused on policy.