Nonbank

California lawmaker considers statewide CFPB

03/27/19

Assemblywoman Monique Limon is in the “early stages” of exploring how to create a state-level Consumer Financial Protection Bureau as part of a broader push for more consumer protection for state residents.

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Senate bill would add another step to FSOC designation process

03/14/19

A bipartisan group of senators is proposing legislation to require the Financial Stability Oversight Council to weigh alternatives before putting a large, complex nonbank under Federal Reserve supervision.

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Is Dodd-Frank oversight council still relevant?

03/05/19

The interagency panel formed to head off approaching systemic risks must figure out its next move after having undone designations of nonbank firms.

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Keep nonbanks out of the Home Loan Bank System

01/18/19

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

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Nonbanks need to get serious about self-regulation

12/14/18

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.

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OCC sees sharp drop in mortgages serviced by large banks

12/12/18

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

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CFPB fines mortgage lender over claims it deceived veterans

12/06/18

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.

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

11/15/18

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

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

11/14/18

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

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Prudential, the last nonbank SIFI, sheds the label

10/17/18

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.

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