Certified public accountants (CPAs) and non-CPA partners are not under the authority of the Consumer Financial Protection Bureau as long as they are performing routine and traditional tasks.

Question

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Under provisions of the Dodd-Frank Act, certified public accountants (CPAs) and non-CPA partners are not under the authority of the Consumer Financial Protection Bureau as long as they are performing routine and traditional tasks. However, should such firms extend their operations to include such things as loans made in anticipation of tax refunds, they can be regulated by the CFPB.

Certified Public Accountants (CPAs) and Non-CPA Partners Are Not Under