FDIC: Share of Unbanked Americans Reaches Record Low in 2019
The share of U.S. households that are unbanked continued falling in 2019, reaching 5.4%, the lowest rate yet recorded in ...
Tag: Nonbanks
Quarles: Shadow Banking Vulnerabilities ‘Top of Mind’ Among Regulators
Noting that banks have performed well and been a “source of strength” in the U.S. economy during the coronavirus crisis, ...
ABA Supports ‘True Lender’ Clarity; Expresses Concern with ‘Overly Broad’ OCC Proposal
While welcoming the OCC’s efforts to clarify factors that identify the “true lender” of a loan made through bank partnerships ...
DOJ Seeks Public Feedback on Bank Merger Antitrust Reviews
Noting the rapid technological transformation of financial services, the Justice Department’s Antitrust Division today requested public comments on whether and ...
NCRC: Expand CRA to Cover Credit Unions, Other Nonbanks
The Community Reinvestment Act should be expanded to cover credit unions, other nonbank lenders and insurers, according to the National ...
OCC Issues Long-Awaited ‘True Lender’ Proposal
In a long-awaited move, the OCC today issued a proposal establishing a “clear test” to determine when a bank making a loan is ...
FSB ‘Post-Mortem’ of COVID-19 Crisis to Study Vulnerabilities of Nonbank Financial Sector
The Financial Stability Board will undertake a holistic review of the market volatility that followed the initial outbreak of COVID-19 ...
Podcast: How Digital Banking Transformation Paid Off in the Pandemic
When COVID-19 accelerated customer movement into mobile and online banking solutions, and triggered consumers to push their funds into bank ...
Quarles: Post-2008 Reforms Aided Large Banks’ Pandemic Response
Regulatory reforms adopted by the world’s largest banks have bolstered the financial system’s ability to absorb the sudden economic shocks ...
Podcast: OCC’s Brooks Plans to Unveil ‘Payments Charter 1.0’ This Fall
The OCC is planning to unveil what Acting Comptroller Brian Brooks called "payments charter 1.0" as soon as this fall, ...
