CFPB Seeking Government Partners to Ease Industry Supervision (1)

Sept. 9, 2019, 4:47 PM; Updated: Sept. 9, 2019, 4:52 PM

The Consumer Financial Protection Bureau is looking for ways to ease the supervision process for the financial institutions by partnering with other regulators.

CFPB Director Kathleen Kraninger told an audience of credit union executives that the bureau is “taking a fresh look at the entire” supervision process, with an eye to eliminating areas where its supervision overlaps with and duplicates other agencies’ efforts.

“We all know we have limited resources, and our limited resources and how we apply them affect your limited resources,” Kraninger said at a meeting of the National Association of Federal Credit Unions on Sept. 9.

The ...

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