Fed General Counsel: FedNow Not Open to Nonbanks
Nonbanks should not expect direct access to FedNow, the 24/7/365 payments system the Federal Reserve is developing, according to a top staffer.
Browsing: Nonbanks
McWilliams: Regulators Need to Support Bank Innovation Efforts
Regulators need to understand the pressures that banks face to innovate and support those efforts, FDIC Chairman Jelena McWilliams said today.
FDIC Research Shows Effect of Regulation on Nonbank Mortgage Market
In recent years, nonbanks have made major inroads into sectors like the single-family mortgage market, where they now originate more than half of loans.
Federal Judge Blocks OCC’s ‘Fintech Charter’
A federal judge in New York yesterday blocked the OCC from issuing charters to non-depository special-purpose national banks, as the agency first proposed to do in 2016.
Amid Resilience, FSB Focusing on Low Rates, Digital Disruption
The global financial system is resilient, with large banks much better capitalized, less leveraged and more liquid, according to the Financial Stability Board’s report on post-crisis reforms issued today.
Bonus Podcast: Why Leveraged Lending Is a Hot Topic
With leveraged lending-related risk on regulators’ minds — and on the agenda of the House Financial Services Committee tomorrow — the ABA Banking Journal Podcast discusses the issue with ABA Senior Economist Curtis Dubay.
Fed Report: Bank Capital ‘Well Above Regulatory Requirements’
With Vice Chairman for Supervision Randal Quarles scheduled to testify on Capitol Hill next week, the Federal Reserve today released its second report on its regulatory and supervisory activities for banking companies.
Leveraged Lending Is Rising, But Bank Exposure Is Limited
The rapid growth is attributable largely to nonbanks. Should this group of loans start underperforming, the risk to the banking sector is relatively low.
Survey: Small Business Financing Demand Picks Up; Success Rates Hold Steady
Small businesses’ profitability and their success applying for financing held steady from 2017 to 2018, according to the latest Small Business Credit Survey—a joint effort by the 12 regional Federal Reserve Banks—released today.
Rising Credit Risk on Regulatory Radar
Regulatory agencies are focused on the growth of credit risk outside the banking industry, according to remarks by top officials at the ABA Washington Summit today.