In this issue:
- FDA Rejects “Corn Sugar” Rebranding for High - Fructose Corn Syrup
- RealNetworks’ “Free Trial” Charges Result in $2.4 Million Washington AG Settlement
- CFPB Launches Nonbank Supervision Rulemaking
- CA Class Action Representatives Hit with $1.4 Million in Defendant's Attorneys' Fees
- Upcoming Events
An excerpt from "CFPB Launches Nonbank Supervision Rulemaking"
On May 24, the Consumer Financial Protection Bureau (CFPB) proposed a rule that will set up a process to supervise nonbanks that may have engaged in activities that pose risks to consumers, writes Venable attorney Jonathan L. Pompan in a recent article. The proposed rule sets out procedures to notify a nonbank that it is being considered for supervision because the CFPB may have reasonable cause to determine that it poses risks to consumers in connection with offering or providing a consumer financial product or services.
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