CFPB proposes setting guardrails for nonbank supervision
The CFPB is proposing to adopt a new standard that it says will bring more uniformity to its supervision of ...
Tag: Nonbanks
ABA, state bankers associations seek to close loopholes in stablecoin law
ABA and 52 state bankers associations yesterday urged lawmakers to use upcoming market structure legislation to close several legal loopholes ...
CFPB considers raising regulatory thresholds for certain nonbanks
The CFPB is seeking public input on whether it should raise the thresholds for determining which nonbank service providers fall ...
BIS releases report on connections between banks and nonbanks
Differences between regulations for banks and those for nonbank financial intermediaries may have created incentives to shift business activities to ...
ABA, associations reiterate concerns about CFPB nonbank registry
ABA joined two associations in reiterating their concerns about the CFPB’s nonbank registry, which the current bureau leadership has proposed ...
ABA, CBA support maintaining confidentiality of CFPB nonbank risk determinations
The American Bankers Association, joined by the Consumer Bankers Association, expressed support for the Consumer Financial Protection Bureau’s proposal to ...
CFPB stops enforcement of nonbank registry rule
The CFPB will not enforce a Biden-era rule requiring certain nonbank lenders to register information about their company with the ...
Fed’s Barr urges banking regulators to keep pushing for reforms
In one of his final speeches as vice chairman for supervision, Federal Reserve Governor Michael Barr pushed back against criticisms ...
CFPB proposes to regulate large nonbanks in personal loan market
In response to an industry petition, the CFPB announced that it will pursue rulemaking to allow it to regulate large ...
Federal report identifies CRE, cybersecurity as financial stability risks
Commercial real estate and cybersecurity risks remain potential vulnerabilities for the U.S. financial system, the Office of Financial Research said ...
