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Supervision

CFPB Supervisory Highlights Reports

Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the CFPB 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 CFPB defines through rulemaking as “larger participants.” Under the CFPB’s debt collection larger market participant rule, the CFPB has supervisory authority over debt collectors who have more than $10 million in annual receipts from consumer debt collection activities. The CFPB began its supervision of the larger participants among third-party debt collectors in January 2013.

CFPB Supervision and Examination Resources

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