September 4, 2025 / Source: CFPB

AGENCY:

Consumer Financial Protection Bureau.

ACTION:

Proposed rule; request for comment.

SUMMARY:

The Consumer Financial Protection Bureau (Bureau or CFPB) is proposing to adopt a standard definition of “risks to consumers with regard to the offering or provision of consumer financial products or services” that will bind the Bureau in proceedings to designate nonbank covered persons for Bureau supervision. This will ensure that the Bureau acts within the bounds of its statutory authority and provide clarity to institutions about the standard the Bureau applies.

DATES:

Comments must be received on or before September 25, 2025.