However, threlationshipresponsibility harm. A serv products or srequirementsconsumers a which it hasmay lie withprovider.
Title X authononbanks fopurposes andidentified. Tisupervised seservice proviauthority ovecompliance The CFPB w providers as
The CFPB emanaging thexpectationshas the relati To limit thesupervised barrangements These steps s
, subsFrank Act, 12
mere fact thith a servicefor complyinice provider tervices being carefully andd create potebusiness relahe supervise
rizes the CFPcompliancealso to exerctle X also grarvice provideers on site.
r supervised sith Title X’sill also exercisppropriate.
pects supervirisks of servi
consistently,nship with aotential for snks and nonwith servicehould includeucting thororstands and is
ctions 1024(e),.S.C. §§ 5514§§ 5531(a), 55
t a superviserovider doesg with Federhat is unfamiloffered, or theffectively, ontial liabilitiestionship. Debank or non
B to examineith Federal cse its enforcents the CFPBs, which incl The CFPB w ervice providrohibition oe its enforce
sed banks ance provider regardless of service proviatutory or reanks shouldroviders do, but are not lgh due dilig capable of c
1025(d), and 1e), 5515(d), 556.
bank or nonot absolvel consumer fiiar with the lat does not mr that exhibitsfor both theending on thbank as well
ty Over Ser
and obtain ronsumer finament authorisupervisory des the authill exercise thers, including unfair, deceent authoritnonbanks tlationships.hether it is aer.ulatory violaake steps to
not present uimited to:nce to verify mplying wit
026(e), and se16(e), 5563, an
bank enters ihe supervisenancial law tgal requiremake efforts tweak internaservice provie circumstans with the su
ports from sncial law andy when violand enforcemrity to examifull extent oits authority tive, or abusagainst supehave an effehe CFPB wisupervised btions and relansure that thnwarranted rithat the serviFederal con
tions 1053 and 5564.
nto a businesbank or nonavoid consunts applicablimplement tl controls, cader and the ees, legal respervised servi
pervised banfor other relaions of the laent authority ne the operatif its supervisio examine foive acts or prrvised servicective processll apply thesenk or nonbated consumereir businesssks to consue providerumer financi
1054 of the D
bank of ere to theoseharmtity withnsibility ceks andted w areoverions of nrctices.fork thatharm,ers.l law;