CFPB Offers Regulatory Relief From Registration Requirements for Small Loan Providers
AI Summary
• The CFPB will not prioritize enforcement or supervision actions for small loan providers who do not meet future registration deadlines.
• This relief applies to entities that are subject to certain agency and court orders.
Texas Relevance
The article does not explicitly mention Texas, TCUD, or any Texas-specific entities. It is a general statement applicable to all credit unions under the CFPB's jurisdiction.
Original Content
The Consumer Financial Protection Bureau will not prioritize enforcement or supervision actions for entities that do not satisfy future deadlines to submit registration information under the regulation titled "Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders".