[DOWNLOAD] "Defining Larger Participants of the Student Loan Servicing Market (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition)" by The Law Library ~ eBook PDF Kindle ePub Free
eBook details
- Title: Defining Larger Participants of the Student Loan Servicing Market (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition)
- Author : The Law Library
- Release Date : January 20, 2018
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 273 KB
Description
The Law Library presents the complete text of the Defining Larger Participants of the Student Loan Servicing Market (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition).
Updated as of May 29, 2018
The Bureau of Consumer Financial Protection (Bureau or CFPB) amends the regulation defining larger participants of certain consumer financial product and service markets by adding a new section to define larger participants of a market for student loan servicing. The Bureau is issuing the final rule pursuant to its authority, under the Dodd-Frank Wall Street Reform and Consumer Protection Act, to supervise certain nonbank covered persons for compliance with Federal consumer financial law and for other purposes. The Bureau has the authority to supervise nonbank covered persons of all sizes in the residential mortgage, private education lending, and payday lending markets. In addition, the Bureau has the authority to supervise nonbank “larger participant[s]” of markets for other consumer financial products or services, as the Bureau defines by rule. Rules defining larger participants of a market for consumer reporting and larger participants of a market for consumer debt collection were published in the Federal Register on July 20, 2012 (Consumer Reporting Rule) and October 31, 2012 (Consumer Debt Collection Rule). This final rule identifies a market for student loan servicing and defines “larger participants” of this market that are subject to the Bureau's supervisory authority.
This ebook contains:
- The complete text of the Defining Larger Participants of the Student Loan Servicing Market (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition)
- A dynamic table of content linking to each section
- A table of contents in introduction presenting a general overview of the structure
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