---
title: CFPB Issues Proposed Rule to Expand Supervisory Authority
date: 2023-11-20T02:30:00-05:00
author: "mhenry@kelleydrye.com"
canonical_url: "https://www.kelleydrye.com/viewpoints/podcasts/ad-law-access/cfpb-issues-proposed-rule-to-expand-supervisory-authority"
section: Podcast Episodes
---
# CFPB Issues Proposed Rule to Expand Supervisory Authority

  November 20, 2023

 

 

 

 

 

 

 [Kelley Drye Ad Law Access Podcast](https://soundcloud.com/adlawaccess "Kelley Drye Ad Law Access Podcast") · [CFPB Issues Proposed Rule to Expand Supervisory Authority](https://soundcloud.com/adlawaccess/cfpb-issues-proposed-rule-to "CFPB Issues Proposed Rule to Expand Supervisory Authority")

 [Apple](https://podcasts.apple.com/us/podcast/cfpb-issues-proposed-rule-to-expand-supervisory-authority/id1457734764?i=1000635422854) [Spotify](https://open.spotify.com/episode/4s0lDAZJrkC3niLND7xczI?si=BAVDXG-zQtWPOTvjfBHgPg) [SoundCloud](https://soundcloud.com/adlawaccess/cfpb-issues-proposed-rule-to?si=0c8c04e975194328b19c914c6882b489&utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing) 

 

Yesterday, the Consumer Financial Protection Bureau (CFPB) released a notice of proposed rulemaking that would allow the agency to supervise and conduct examinations of certain non-bank providers of digital wallets and payment apps. The move is intended to address perceived ​“regulatory arbitrage by ensuring large technology firms and other nonbank payments companies are subjected to appropriate oversight,” according to CFPB Director Rohit Chopra.

[www.kelleydrye.com/viewpoints/blog…le-payment-apps](https://gate.sc/?url=https%3A%2F%2Fwww.kelleydrye.com%2Fviewpoints%2Fblogs%2Fad-law-access%2Fcfpb-issues-proposed-rule-to-expand-supervisory-authority-conduct-examinations-of-digital-wallets-and-mobile-payment-apps&token=93dfb8-1-1700518584563 "https://www.kelleydrye.com/viewpoints/blogs/ad-law-access/cfpb-issues-proposed-rule-to-expand-supervisory-authority-conduct-examinations-of-digital-wallets-and-mobile-payment-apps")

 

 

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