Supervision

BCFP Supervisory Highlights Reports

Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the BCFP has authority to supervise banks and credit unions with over $10 billion in assets and certain nonbanks. Those nonbanks include mortgage companies, private student loan lenders, and payday lenders, as well as nonbanks the BCFP defines through rulemaking as “larger participants.” Under the BCFP’s debt collection larger market participant rule, the BCFP has supervisory authority over debt collectors who have more than $10 million in annual receipts from consumer debt collection activities. The BCFP began its supervision of the larger participants among third-party debt collectors in January 2013.

BCFP Supervision and Examination Resources

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