An Initial Review of the Consumer Financial Protection

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On October 14, 2011, the Consumer Financial Protection Bureau (“CFPB”) issued its Supervision and Examination Manual – Version 1.0 (“the Manual”). It provides the first insight into the procedures the CFPB will use in examining the depository institutions and non-depository consumer financial services companies under its jurisdiction. The complete Manual can be found at http://www.consumerfinance.gov/guidance/supervision/manual/.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Richik Sarkar, McDonald Hopkins LLC | Attorney Advertising

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