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Senators float CFPB depository examination threshold bill
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Banking, Nonbank Financial
Wednesday, August 13, 2014
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Two Senators are backing a bill that would raise the current $10 billion threshold for direct Consumer Financial Protection Bureau supervision of depository institutions. Read on to learn about the proposed asset threshold and for a refresher on the scope of the CFPB’s authority to supervise banks and various nonbanks.
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