More On

Regulatory: Financial regulators regulate themselves over who they will regulate

Joint supervisory statement clarifies Consumer Financial Protection Bureau’s jurisdiction

This column is part a series of articles on the new Consumer Financial Protection Bureau and the upcoming wave of regulations affecting the consumer financial industry

In order “to provide clarity and transparency,” the Consumer Financial Protection Bureau (Bureau) and the Prudential Regulators—the Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency and the National Credit Union Administration—jointly issued a supervisory statement addressing agency jurisdiction over the largest banks and credit unions in the United States.

author image

Martin Bishop

Martin J. Bishop is a partner, litigation department vice chairman and co-chair of the consumer financial services litigation practice at Foley & Lardner LLP. He...

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.