CFPB’s New Nonbank Examination Course of (Video) – Fin Tech

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The Client Monetary Safety Bureau (CFPB) introduced in April that it will use a
not often used authorized provision to start out analyzing nonbank monetary
establishments that pose dangers to shoppers. On this video, Jeffrey Alberts, co-chair of Pryor
Cashman’s FinTech Group, discusses the method that the
CFPB makes use of to find out which nonbank monetary establishments are
doubtlessly topic to this examination process and what FinTech
corporations ought to o now in gentle of the CFPB’s announcement.

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