New executive orders target banks and citizenship, nonbank access to Fed services
President Trump signed an executive order directing regulators to provide guidance to financial institutions on identifying suspicious activity allegedly tied ...
Tag: Nonbanks
FSOC proposes new guidelines for determining nonbank risks to financial stability
The Financial Stability Oversight Council proposed new guidance to walk back recent changes for determining whether nonbanks should be subject ...
GAO: Ginnie Mae, FHFA need to improve monitoring of nonbank mortgage companies
Ginnie Mae and the Federal Housing Finance Agency must take steps to better assess the funding risks of the nonbank ...
CFPB rescinds nonbank registry rule
The CFPB has nixed a registry to track information on consumer protection violations by nonbanks, citing concerns about compliance costs.
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 ...
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 ...
