CFPB Proposes Registry for Non Bank Financial Firms and their User Terms, McHenry Slams Move as Beyond Agencies Mandate
The Consumer Financial Protection Bureau (CFPB) has proposed a rule to establish a public registry of nonbank financial firms’ terms and conditions. The CFPB states that, in some cases, consumer rights are limited or waived, or terms are misleading. The CFPB states that non-banks would… Read More
Read more in: Fintech, Politics, Legal & Regulation | Tagged cfpb, consumer financial protection bureau, patrick mchenry, rohit chopra