Industry Groups Oppose Rakuten’s Re-Submitted Deposit Insurance Application
The American Bankers Association joined the Bank Policy Institute and the Consumer Bankers Association today in expressing strong opposition to ...
Tag: Nonbanks
Fed: Small Businesses Face Heightened Risk of Failure Due to Pandemic
The coronavirus pandemic poses “acute risks” to the survival of many of the nation’s small businesses, the Federal Reserve said ...
The Big Brain in the Black Box
AI, machine learning and alternative data are helping banks and nonbanks alike make faster decisions and expand access to credit. ...
It’s All About the Customer
The key question that will determine who wins and who loses in this digital age of banking: “Who controls the ...
Agencies: Amid ‘Elevated’ Risk, Banks Improve Leveraged Loan Risk Management
The share of low-rated commitments in the Shared National Credit portfolio rose slightly between 2018 and 2019, according to the ...
Basel: Shadow Banking Moderates in 2018
Bank-like activity by nonbanks that poses financial stability risks grew by 1.7% to total $50.9 trillion in 2018, according to ...
Google’s Announcement Leaves a Gap Banks Can Fill
By looking at recent alternative banking announcements, banks can learn a few things that will help them take their commercial ...
Fed Study Finds Inconsistent Advertising of Nonbank Small Biz Loan Terms
The way nonbank online lenders advertise or disclose up-front loan terms and costs for small businesses varies greatly, producing confusion ...
FSB Report Highlights Lack of Comprehensive Data on Leveraged Lending
A recent report by the Basel, Switzerland-based Financial Stability board highlighted significant data gaps that are impeding regulators’ ability to ...
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 ...
