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 ...
Tag: Nonbanks
Nonbanks accounted for two-thirds of mortgage transactions in 2023
Federal data shows the share of mortgages originated by nondepository, independent mortgage companies accounted for 68.8% of first lien, home-purchase ...
Fintechs go BaaS fishing
To signal a productive partnership, six questions that BaaS banks should expect to hear from fintech companies.
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 ...
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 ...
