The Consumer Financial Protection Bureau (CFPB) received 55,049 public comments on its request for information about the bureau’s supervision processes.
Many of the commenters complained that the CFPB’s supervisory authority is inefficient for banks and non-banks alike.
Read on for highlights of comments from the Financial Services Roundtable (FSR), Consumer Bankers Association (CBA), Consumer Mortgage Coalition, and others who addressed problems with supervision issues.
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