A respondent has the option to voluntarily consent to the CFPB's supervisory authority and forego the right to contest its designation as a nonbank covered person
. (71) A consent agreement form is provided to the respondent in the Notice, but it does not provide the respondent with an opportunity to bargain for specific terms.
11 NYCRR 65-4.11 (a) (6) provides that mandatory arbitration shall not apply to any claim for recovery rights to which an insurer in good faith asserts a defense of lack of coverage of an alleged covered person
on any grounds, ...
(E) Procedures providing that a certification of national security interests under sub section (a)(4) may be granted for the purpose of transferring a covered person
from a third country if such a transfer is in the interest of the United States and could not otherwise be accomplished.
* Section 1024(b)(7)(A) requires the Bureau to "prescribe rules to facilitate supervision of persons described in subsection (a)(1) and assessment and detection of risks to consumers." Section 1024 relates to "Supervision of Nondepository Covered Persons
," and subsection (a)(1) states that the section applies to any covered person
who, among other things, "offers or provides origination, brokerage, or servicing of loans secured by real estate for use by consumers primarily for personal, family, or household purposes, or loan modification or foreclosure relief services in connection with such loans;" or "offers or provides to a consumer a payday loan." The section does not indicate how the required rules should be crafted or what they should contain.
The pension would be equal to the highest monthly salary, plus the highest monthly aggregate of transportation, living and representation allowances of the covered person
, he said.
Employees who leave their current employer should have the opportunity to continue their coverage if the covered person
has been continuously insured for at least 12 consecutive months under this plan or a prior plan, up to the date that employment is terminated.
such covered person
." This definition is narrower than the
The ARRG, he explained, highlights the importance of the covered person
's compliance officer having access to all customer information files and transactions through the electronic or manual customer monitoring system.
Racela said the issuance covers not only administrative cases against covered persons
, but also those against its individual officers, directors, and employees of the covered person
"We" will pay compensatory damages for "BI" or "PD" for which any "covered person
" becomes legally liable because of an auto accident....
Some may argue, however, that because Dodd-Frank does not explicitly differentiate between tribal and non-tribal lenders in its definition of "covered person
," tribes are not exempt from Dodd-Frank provisions when lending to consumers.
This bill addresses clawback schemes by prohibiting a pharmacy benefits manager, in connection with any contract or arrangement with a private health insurer, prescription benefit plan, or the state health benefits program or school employees' health benefits program, from charging a covered person
a copayment for a prescription drug benefit in an amount that exceeds the cost of the prescription drug that the pharmacy would charge to persons who do not purchase the drug through their health insurance coverage.