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Thursday, May 23, 2013

CFPB, CSBS Announce Framework for Coordinated Supervision

The Consumer Financial Protection Bureau and the Conference of State Bank Supervisors have agreed to a framework for coordinated supervision and enforcement, the CFPB announced Tuesday. The framework is intended to govern situations in which CFPB and a state bank supervisor share jurisdiction.

Following a Dodd-Frank Act mandate, the framework will help regulators to better coordinate exam schedules, supervisory plans, requests for information, information sharing, and notice of corrective actions.

Learn more from the CFPB.

View the framework.