The CFPB has scheduled two sessions to provide a preview of its nonbank enforcement order registry. The virtual-only discussions are scheduled for September 30 and October 9. Both sessions will feature the same content.
The bureau said that the events are intended for compliance staff that will be registering covered orders with the CFPB’s nonbank enforcement order registry.
At the event, the CFPB’s nonbank registry team will provide a demonstration of first-time company registration, give a tour of the features of the registry, and take technical questions.
Those interested in attending a session may register using the links below:
- September 30, 2024, from 11:00am to 12:30pm (Eastern Time)
- October 9, 2024 from 1:30pm to 3:00pm (Eastern Time)
The CFPB stressed that the sessions are intended to be technical readiness events. Agency staff will not take questions about the rule. The bureau said that questions about compliance with the rule may be addressed to the CFPB’s NBR Help email (NBRHelp@cfpb.gov) to receive assistance.
The CFPB issued the rule in June. The rule requires certain nonbank entities to register with the CFPB if they are subject to, or become subject to, various orders from local, state, or federal agencies or courts involving violations of specified consumer protection laws. The registry rule applies to supervised and non-supervised nonbank entities, that engage in offering or providing a consumer financial product or service, and any of their service provider affiliates that are subject to a covered order, unless excluded.
The rule is effective on September 16, 2024, with registrations available beginning on October 16, 2024 pursuant to a tiered implementation approach.