Peggy Twohig, team lead of the nonbank division at the CFPB, is “reaching out for input” to help the new agency define “larger participants”. She wrote a blog post yesterday where she told the public that the CFPB is meeting with “nearly 100 organizations from across the country to hear their views about an important building block for our nonbank supervision program.”

“Why are we asking these organizations and the public for their thoughts? Their feedback is vital in defining who is a “larger participant” in certain markets for consumer financial products or services – a key step in building our supervision program.”

Click here to read more of her post.