News Topic: Nonbank
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Nonbanks made the majority of purchase mortgages in 2021
Shareholders call on Mexican shadow bank to sell U.S. unit
Ginnie Mae's misconceptions about credit unions and mortgages
Will AML rules be extended to crypto?
Will states lead the way on expanding CRA to nonbanks?
Can banks allay concerns about emerging student loan product?
Craving fee income, more banks pursue nonbank acquisitions
What's the fate of bank-nonbank partnerships after 'true lender' vote?
Senate advances measure to reverse OCC's 'true lender' rule
Fed’s Powell embraces idea of CRA for nonbanks
Lawmakers clash over OCC rule validating loan sales to nonbanks
OCC 'true lender' rule is wrong path to small-dollar lending by banks
Top mortgage lenders of 2020, according to early HMDA analyses
Will floundering FSOC gain more relevance under Yellen?
Senate Democrats initiate reversal of OCC 'true lender' rule
Democrats have proposed a Congressional Review Act resolution to strike down the OCC rule, arguing it enables "rent-a-bank" schemes. ]] ... Read full article
Fed will continue supporting PPP loans until June 30
Nonbanks had worried the end of the Paycheck Protection Program Liquidity Facility would hurt their ability to lend to small businesses. On Monday, the Federal Reserve announced the facility would be extended for three months. ... Read full article
Will competition for C&I loans lead to looser underwriting?
Banks and nonbanks are expected to vie for more commercial business this year, and nonbanks already have signaled a willingness to ease lending standards in order to win business. ... Read full article
Signs point to more bank-nonbank M&A in 2021
Acquisitions of wealth management, insurance, fintech and other firms are expected to pick up as banks seek new sources of fee income and look to improve digital capabilities. ... Read full article
OCC’s preemption letter opens new front in battle with states
In the waning days of the Trump administration, the agency issued a new legal theory of its power to let national banks evade state consumer protection laws. But some state attorneys general and consumer groups charge the federal regulator is attempting to ... Read full article