Keep nonbanks out of the Home Loan Bank System


Policymakers should not let mortgage REITs, hedge funds and other firms gain membership through captive insurance companies.


Nonbanks need to get serious about self-regulation


The alternative is waiting for state and federal regulators to take steps that could disrupt the flow of capital and put some firms out of business.


OCC sees sharp drop in mortgages serviced by large banks


An agency report said servicing portfolios have shrunk by nearly half in 10 years as much of the mortgage market has shifted to nonbanks.


CFPB fines mortgage lender over claims it deceived veterans


The CFPB ordered Village Capital & Investment in Henderson, Nev., to issue refunds and pay a penalty for allegedly misrepresenting the cost savings in a refi product.


Nonbanks' rapid growth poses risks to industry: FDIC's McWilliams


FDIC Chairman Jelena McWilliams questioned whether regulators and banks are fully capturing the emerging risks of a new shadow banking system.


'There is likely to be some pain': Citi’s Corbat on nonbank lending


Citigroup CEO Michael Corbat added to the chorus of bankers offering warnings about credit risks that loom outside of the banking industry.


Prudential, the last nonbank SIFI, sheds the label


The Financial Stability Oversight Council announced Wednesday that it was rescinding the SIFI label for Prudential, a culmination of almost a decade of fierce debate about how regulators should address the risk of nonbank financial firms.


Calif. investigating role of lead generators in high-cost lending


Gov. Jerry Brown’s administration sent letters Wednesday to 20 nonbank lenders that charge triple-digit annual percentage rates to try to determine if their use of online referrals is steering borrowers into larger loans than they want or need.


Warren wades into CRA overhaul with revamp plan of her own


The senator’s bill to reform the 40-year-old law and expand housing investments could gain clout as Democrats look to pick up congressional seats and she eyes a presidential run.


Fed will have the say on key parts of OCC’s fintech charter


The Office of the Comptroller of the Currency has been taking the lead on a federal license for fintech firms, but the central bank will decide if such companies can access the payments system and other benefits.