WASHINGTON — After months of waiting as their counterparts began examining banks, the Consumer Financial Protection Bureau's nonbank supervision team began the enormous task Thursday of overseeing the rest of the consumer financial sector.

The team reached out to state officials this week as they begin to determine which companies pose the most risk, and which should be targeted for examination first in the mortgage, payday and student loan markets. They are also working to finalize a rule that will define which other markets will be subject to CFPB oversight.

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