Finanse i konsumenci · 06/12/2013

Defining Larger Participants of the Student Loan Servicing Market

The Bureau of Consumer Financial Protection (CFPB) has issued a final rule to define larger participants in the student loan servicing market, expanding its authority to supervise nonbank covered persons in this sector. The rule, issued under the Dodd-Frank Wall Street Reform and Consumer Protection Act, aims to ensure compliance with federal consumer financial law.