WASHINGTON — The Consumer Financial Protection Bureau outlined procedures Thursday for notifying nonbanks that they may be subject to supervision if they pose a risk to consumers.

CFPB has the authority to regulate nonbank mortgage, payday and student lenders of any size, as well as larger participants in other markets that it designates. But the Dodd-Frank Act also allows the agency to oversee individual companies if it has reasonable cause to believe they pose risks to consumers.

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