On August 9, 2022, the Conference of State Bank Supervisors (CSBS) released two cybersecurity tools for nonbank financial services institutions to help prepare for state cybersecurity.
The Consumer Finance Protection Bureau ("CFPB") announced that it will examine nonbank financial companies that pose risks to consumers, using statutory authority that until now had.
futures. i see a lot of chiefs and not responding indians. it s focused on credit product, banks or nonbanks. it overlaps. it is. securities as well as insurance. they re not included in the consumerbury but there may be some overlap but the lines are clear. like with anything, regulators have to work together and work collaboratively to make it successful. but it will be a challenging job. i think you re going to draw staff from a lot of banking agencies, setting up infrastructure for nonbank supervision which we have not had before in addition to writing consumer rules. in the short run it will be challenging. neil: to your credit, you ve ticked off republicans and democrats. yes. neil: the last president you worked for, president bush and sometimes this president, president obama, so my hat s off to you for being fair and balanced annoying to both.