CFPB to Rescind NBR Rule on Lawbreaking Nonbanks: What It Means for Consumers and Companies
In a shift that could impact consumer protection, the Consumer Financial Protection Bureau (CFPB) has announced plans to rescind the Nonbank Registry Rule (NBR Rule), which mandated that nonbank financial companies report violations of consumer laws to a bureau registry. The move, slated to be finalized in the coming days, has sparked concerns about the … Read more