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10.8 Supervision of Covered Persons

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10.8 Supervision of Covered Persons

 

 


10.8.     Supervision of Covered Persons.  Although the Bureau has the authority to issue rules and orders under Federal consumer protection laws governing all Covered Persons, it has much more limited authority in regard to the supervision of Covered Persons.  The Bureau may only supervise a specified group of nondepository Covered Persons.  It is also limited to supervising only large depository institution Covered Persons.