As the CFPB continues to expand its list of larger participant rules, it is sometimes hard to keep track of exactly who comes under the CFPB supervision.  Currently, the CFPB supervises:

  • Depository Institutions and Credit Unions with total assets of more than $10 billion and their affiliates
  • Nonbanks regardless of size in specific markets, including:
    • mortgage companies (including originators, brokers, servicers, and providers of loan modification or foreclosure relief services)
    • payday lenders
    • private education lenders
  • Larger Market Participants (NonBanks)
    • Consumer reporting
    • Consumer Debt Collection
    • Student Loan Servicing
    • International money transfers
    • Nonbank auto finance