Section 1024

CFPB Request for Comment on Definition of “Larger Participants”

On June 23, the Consumer Financial Protection Bureau released a request for comment on the statutory requirements to define who is a “larger participant” in certain consumer financial markets that will be supervised by the CFPB pursuant to Section 1024 of the Dodd-Frank Act. Comments must be submitted within 45 days after publication in the Federal Register. CFPB Release. CFPB Notice and Request for Comment.