So do you know how many examinations the CFPB carried out on entities under its supervision since you've taken over as Director? We have continued our supervision enforcement activities. I would just say with regard to the non banks, Many of the legal theories that were used to supervise and enforce on non banks were extrapolations that were quite novel. from anything that you had ever passed. So our issue is not whether we're willing to regulate non banks. (04:01–04:11)
CLAIM
Asserts that legal theories used for non-bank supervision were novel extrapolations.
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