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 ...
Tag: Nonbanks
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.
A not so stablecoin? A deeper dive into PayPal USD
Regulators should be concerned that a stablecoin integrated with traditional financial services would introduce a new risk to deposit safety ...
CFPB proposes to supervise nonbank payment providers
The CFPB has taken steps to regulate large nonbank firms that provide digital payments services, including P2P payments, mobile wallets, ...
FSOC adopts framework for determining financial stability risk, nonbank supervision
The Financial Stability Oversight Council adopted a new analytic framework for gauging financial stability risks and approved updated guidance for ...
The Basel III endgame proposal: Yet another gift to private credit funds
We should think twice about creating a regulatory framework that drives business away from the brightly lit world of highly ...
Podcast: Digging into the CFPB’s Section 1033 data-sharing proposal
"Banks have long supported consumers accessing their own data, but believe it should be done in a safe and sound ...
Gruenberg sees room for more supervision of nonbanks
Nonbank financial institutions have become an integral part of the financial services landscape, and as a result, banks and nonbanks ...
