Examinations for Risks to Active-Duty Servicemembers and Their Covered Dependents

June 22, 2021 CFPB, Regulation lookup 0

Title:	Examinations for Risks to Active-Duty Servicemembers and Their Covered Dependents
Subject:	MLA examinations
Agency:	CFPB
Status:	Interpretive ruleProposed rule
Summary:	The Bureau of Consumer Financial Protection (Bureau) has statutory authority to conduct examinations, at those institutions that it supervises, regarding the risks to active-duty servicemembers and their covered dependents that are presented by conduct that violates the Military Lending Act. This interpretive rule explains the basis for that authority.
FR Doc:	2021-13074
Date proposed:
Comments due date:
Effective date:	June 23, 2021
Rule compliance date:
Agency release:	Consumer Financial Protection Bureau Issues Interpretive Rule on Authority to Resume Examinations Regarding the Military Lending Act
Related Reg Report item(s):	Bureau fires first shot in resuming exams under Military Lending Act; asserts that 2018 reasoning for discontinuing ‘not persuasive’

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