The CFPB is proposing to amend the regulation defining larger participants of certain consumer financial product and service markets by adding a new section to define larger participants of a market for student loan servicing, according to a proposed rule issued late last month for public comment. As per its authority under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the bureau’s proposal rule would identify a market for student loan servicing and define “larger participants” of this market that...