Browsing: nonbank

Russell Vought, acting director of the Consumer Financial Protection Bureau, is also director of the Office of Management and Budget. He testified on Capitol Hill April…

Key insight: The Financial Stability Oversight Council proposal would emphasize the designation of activities rather than individual firms, setting a very high bar for firm designations.Supporting…

The reproposal of bank capital rules for mortgages appears to deliver on earlier signals, including looser servicing asset rules, additional loan-to-value ratio distinctions and accommodations for…

Two years on from a report recommending the creation of a resolution fund to guard against disorderly bankruptcies, concentration among nonbank mortgage companies has only increased.…

American Banker’s 2026 Predictions Report Mergers and acquisitions, nonbank competition and digital assets are all factors shaping how banks will perform in the coming months. American…

Key insight: The Financial Stability Board report found that nonbank assets rose 9.4% in 2024, double the growth of the banking sector.Supporting data: Assets held by…

Key insight: Federal Reserve Gov. Christopher Waller’s comments suggest the barriers to nonbank firms acquiring a “skinny” Fed master account — a concept Waller himself introduced…

Russell Vought, acting director of the Consumer Financial Protection Bureau, also heads the Office of Management and Budget.Andrew Harrer/Bloomberg Key Insight: The rescission of the two…

What’s at Stake: Banks want a level playing field with nonbanks and bank trade groups say the proposal would create a major imbalance in regulation.Supporting Data:…

Regulators should be paying more attention to the ballooning galaxy of nonbank financial institutions currently operating in global markets. The risks they pose to the financial…