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 ...
Tag: Nonbanks
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 ...
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 ...
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 ...
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