The Online Lenders Alliance submitted comments in response to the Consumer Financial Protection Bureau’s proposal to rescind its rule requiring certain
types of nonbank covered persons subject to certain final public orders obtained or issued by a government agency in connection with the offering or provision of a consumer financial product or service to report the existence of the orders and related information to a Bureau registry.
Re: Legal Standard Applicable to Supervisory Designation Proceedings (Docket No. CFPB-2025- 0018)