Bowman: Credit unions, nonbanks should be subject to same regulatory expectations as banks
Credit unions and other nonbanks should be subject to the same regulatory and supervisory expectations as banks if they are ...
Tag: Nonbanks
CFPB releases chart to check nonbank registry eligibility
The CFPB published a chart to help entities determine whether they must register for its nonbank registry. The bureau previously ...
CFPB publishes filing instructions for nonbank registry
The CFPB published filing instructions for its nonbank registry, with certain nonbanks required to provide information about their company along ...
Financial Stability Board chair warns of ‘uneven’ progress in nonbank regulation
Recent incidents have shown that nonbank entities can create or amplify risk throughout the global financial system, but the pace ...
Nonbanks accounted for two-thirds of mortgage transactions in 2023
Federal data shows the share of mortgages originated by nondepository, independent mortgage companies accounted for 68.8% of first lien, home-purchase ...
Fintechs go BaaS fishing
To signal a productive partnership, six questions that BaaS banks should expect to hear from fintech companies.
CFPB to require nonbanks to register consumer protection orders
The CFPB finalized a rule requiring certain nonbanks to register information about their company with the bureau along with any ...
Financial Stability Oversight Council raises concerns about nonbank mortgage servicing
In a new report on the nonbank mortgage servicing industry, the Financial Stability Oversight Council said that a patchwork of ...
FHFA, state regulators to share info on nonbank mortgage providers
FHFA has entered into a formal agreement with the Conference of State Bank Supervisors to facilitate information sharing with respect ...
A popular budgeting app is going away. Banks can step up and fill the gap
The discontinuation of Mint is undoubtedly an opportunity, but it also signals a threat.
