Last week, the CFPB issued a Statement of Intent that describes its plans for sharing information about nonbanks with state banking and financial service regulators (“State Regulators”)  and coordinating supervisory and enforcement activity.  In January 2011, the CFPB entered into a memorandum of understanding (MOU) with the Conference of State Bank Supervisors (CSBS) and various State Regulators to establish a general framework for information sharing and supervision and enforcement cooperation. … Continue Reading