WASHINGTON — New policy from the Consumer Financial Protection Bureau is shedding light on how a Supreme Court decision last year ensuring rights for same-sex married couples applies to financial services regulations.

Last month, CFPB Director Richard Cordray issued a memo stating that — as a result of the Supreme Court ruling — the agency would recognize a same-sex marriage as being legally valid "nationwide" as long as it was legally binding in the state where the couple was married. The legal opinion was meant to clarify the meaning of terms such as "marriage" and "spouse" in laws the CFPB implements.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.