FinCEN seeks comments on proposed survey about nonbank AML/CFT compliance costs
FinCEN is seeking public input on a proposed survey about the costs of anti-money laundering and countering the financing of ...
Tag: Nonbanks
ABA, CBA urge CFPB not to limit authority to supervise certain nonbanks
ABA joined with the Consumer Bankers Association in urging the CFPB not to limit its authority to supervise nonbanks that ...
ABA urges CFPB to maintain robust supervision of ‘larger participant’ nonbanks
In four comment letters, ABA urged the CFPB to maintain robust supervision of nonbanks in the markets for automobile lending, ...
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 ...
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 ...
