#nonbank
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alexisrjimenez.bsky.social
Former member of Congress and current chairman of Forbright Bank John Delaney calls on lawmakers to pass several reforms that would allow banks to take back market share that has been lost to nonbank competitors.

buff.ly/7xbGcV3

#FinTech #FinServ #Banking
Congress needs to level the playing field for American banks
A former member of Congress and current bank chairman calls on lawmakers to pass several reforms that would allow banks to take back market share that has been lost to nonbank competitors.
buff.ly
November 12, 2025 at 4:30 PM
ryanbanerjee.bsky.social
Looking forward to discussing nonbank lending and monetary policy papers.ssrn.com/sol3/papers....
@bundesbank conference. Similar conclusions to my paper on US direct lenders (www.bis.org/publ/work979...), but for households and firms in Denmark
Conference on Challenges for Financial Intermediaries and their Supervisors in the New (or Old?) Mon...
09.–10.11.2023 | Conference on Challenges for Financial Intermediaries and their Supervisors in the New (or Old?) Monetary Policy Normal | Frankfurt/Main
www.bundesbank.de
October 26, 2023 at 8:19 PM
ploaiza.bsky.social
"His instruction to “cease all supervision and examination activity” caused particular alarm. While other federal agencies...also oversee banks, the consumer bureau is the sole regulator for nonbank lenders. Those companies hold a large share of the $13 trillion mortgage market."
February 10, 2025 at 12:53 AM
businessinsider.com
Private credit is booming. See 4 hiring trends as nonbank lending ramps up, from distressed debt to asset-backed finance.
Private-credit investors are staffing up. Here's where the jobs are.
Private credit is booming. See 4 hiring trends as nonbank lending ramps up, from distressed debt to asset-backed finance.
www.businessinsider.com
January 19, 2025 at 10:00 AM
fintechlaw.bsky.social
Senate votes to disapprove CFPB’s final rule on nonbank digital payment supervision
Senate votes to disapprove CFPB’s final rule on nonbank digital payment supervision
On March 5, the U.S. Senate voted 51-47 to overturn the CFPB’s final rule for digital payment companies. The disapproval resolution was...
www.jdsupra.com
March 7, 2025 at 5:25 PM
frankxsowa-1.bsky.social
BIG WAY to open crime wave for Crypto investor scammers and for (Musk & Thiel’s) PayPal & other nonbank pseudo banks to steal from your personal accounts and launder foreign currency through them. In 2024 FinCEN was monitoring a huge influx of these scams right before the election
decrypt.co Decrypt @decrypt.co · Mar 22
Consensys Letter Challenges CFPB's Rule on Regulating Unhosted Wallets decrypt.co/311062/co...
March 22, 2025 at 1:42 PM
congress-tracker.bsky.social
[2/7] stablecoin for use by U.S. persons, subject to certain exceptions and safe harbors. Permitted issuers must be a subsidiary of an insured depository institution, a federal-qualified nonbank payment stablecoin issuer, or a state-qualified payment stablecoin issuer. Permitted i
July 17, 2025 at 10:00 PM
econtrarian.bsky.social
The fastest growing component of US commercial bank credit is loans to nonbank financial institutions. It is highly probable that a lot of these loans are to private-credit intermediaries. The private-credit market is opaque. Problems are developing. Commercial banks are going to take losses.
November 27, 2025 at 5:53 AM
news-feed.bsky.social
@business: Mortgage fees are higher at nonbank lenders for comparable US homebuyers than at traditional banks -- and Latino and Black customers pay even more -- a Bloomberg analysis found https://t.co/gbgVFCTvqZ
December 19, 2023 at 5:41 PM
blurrytvheadlines.numbergoup.com
YELLEN LAYS PATH FOR NONBANK FINANCE FIRMS TO GET FED OVERSIGHT
November 3, 2023 at 6:06 PM
fintechlaw.bsky.social
Trump signs resolution voiding CFPB large nonbank supervision rule
Trump signs resolution voiding CFPB large nonbank supervision rule
President Trump has signed a resolution nullifying the rule implementing the CFPB’s power to supervise large nonbank financial services providers...
www.jdsupra.com
May 22, 2025 at 4:27 PM
riquier.bsky.social
https://www.clevelandfed.org/newsroom-and-events/publications/economic-commentary/2021-economic-commentaries/ec-202115-no-nonbank-mortgage-servicer-liquidity-crisis.aspx#.YOSI6IEvCiQ.twitter
ec 202115 No Nonbank Mortgage Servicer Liquidity Crisis
In March 2020, in the early days of the COVID-19 pandemic...
www.clevelandfed.org
November 26, 2024 at 5:36 PM
newsen.bsky.social
Boosting the Resilience of Nonbank Financial Intermediation: Progress Report from the FSB#Japan#Tokyo#Financial_Stability_Board#NBFI#Financial_Regulation
Boosting the Resilience of Nonbank Financial Intermediation: Progress Report from the FSB
The FSB has released a progress report on enhancing nonbank financial intermediation resilience, addressing vulnerabilities identified during market turmoil in March 2020.
third-news.com
July 16, 2025 at 9:08 AM
inomics.bsky.social
Future of Nonbank Financial Institutions in Asia #Econsky
Future of Nonbank Financial Institutions in Asia
𝐀𝐃𝐁𝐈 𝐢𝐧𝐯𝐢𝐭𝐞𝐬 𝐬𝐮𝐛𝐦𝐢𝐬𝐬𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐚 𝐜𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐨𝐧 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐍𝐨𝐧𝐛𝐚𝐧𝐤 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐈𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚, exploring their growth, risks, regulation, and role in financial inclusion and fintech innovation. Researchers, policymakers, and practitioners are welcome to contribute papers on NBFI structure, supervision, systemic risks, and digital transformation.  👉 Read the full submission details: bit.ly/4d6ihWJ  
dlvr.it
August 31, 2025 at 11:10 PM
investopedia.com
Discover how nonbank financial institutions operate, provide services without banking licenses, and impact the financial landscape while lacking conventional regulations.
Nonbank Financial Institutions: What They Are and How They Work
Discover how nonbank financial institutions operate, provide services without banking licenses, and impact the financial landscape while lacking conventional regulations.
bit.ly
August 3, 2025 at 2:00 AM
…introduced by nonbank mortgage firms, which have escaped the strong regulation reserved for traditional banks despite displacing them in the market. In 2022, nonbanks originated about two-thirds of mortgages and serviced most of them. Nonbanks rely more than traditional lenders on the value of …
May 13, 2024 at 8:35 AM
rivluc.bsky.social
We start our Day 2 with Session 3 on Non-banks (chair: @MoloneyKitty). The first presentation is "Nonbank lending and the transmission of monetary policy", delivered by @dominic_cucic (discussant: @enrico_sette) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3974863
November 24, 2024 at 2:40 PM
kmellis.com
Just don't make the mistake of assuming a bunch of cash is necessarily evidence of wrongdoing.

Re: cashing paychecks,
Brookings, 2008:

“Overall, about 10 million households lack a transaction account [...] and about 12 million do not have a checking account...”
What is the market size? Overall, about 10 million households lack a transaction account (e.g., savings, checking, call account, money market) and about 12 million do not have a checking account (e.g., checking, checking money market), instead relying in large numbers on check-cashing establishments or other financial institutions that charge fees to cash paychecks. This latter group of unbanked households represents the primary market for the $60 billion in checks cashed every year at nonbank establishments, adding up to $1.5 billion in fees collected from at least 178 million different transactions. Among the households that lack a checking account, 52 percent include at least one full-time worker, costing the household an average of $40 per payroll check to use a non-bank check casher. Graphic: “The Non-Bank Check-Cashing Market” 89.8% of adults are in banked households 10.2% are in unbanked households 22 million potential check-cashing customers in 11.9 million households 178 million annual transactions $40 estimated median check-cashing fee for households with a full-time worker $60 billion in checks cashed $1.5 billion in fees Source: Analysis of data from the Federal Reserve's 2004 Survey of Consumer Finances; Sawyer and Temkin 2004; Stephens Inc. 2007; and state check-cashing regulations (see Appendix 3 for full list of regulations)
April 22, 2025 at 1:50 AM
finance-banking.bsky.social
OFAC Imposes Largest-Ever Penalty on Nonbank Financial Institution for Egregious and Sustained Sanctions Violations—a $216M Warning to U.S. Fund Managers: Know Your Investors
OFAC Imposes Largest-Ever Penalty on Nonbank Financial Institution for Egregious and Sustained Sanctions Violations—a $216M Warning to U.S. Fund Managers: Know Your Investors
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a historic $215,988,868 civil monetary penalty against...
www.jdsupra.com
June 18, 2025 at 6:04 PM
finance-banking.bsky.social
Congressional Research Service report examines risks and policy options for nonbank financial intermediation
Congressional Research Service report examines risks and policy options for nonbank financial intermediation
Recently, the Congressional Research Service (CRS) released a report analyzing the growth, risks and regulatory considerations surrounding...
www.jdsupra.com
August 25, 2025 at 6:30 PM
charlesdailey.bsky.social
Nonbank Mortgage Lenders Bite Back | News
November 21, 2024 at 6:01 PM
news-feed.bsky.social
@business: Nonbank lenders charge comparable borrowers more for home loans than traditional banks, and Latino and Black Americans pay even more, our analysis found.

Read The Big Take ⬇️ https://t.co/AIHmAZyeQ0
December 19, 2023 at 7:10 AM
jodyshenn.bsky.social
Props to a life well-lived www.americanbanker.com/news/william...
William Zimmerman, a career journalist who joined American Banker as a copy editor after graduating from Queens College in the early 1960s and rose to serve as editor-in-chief from 1980 to 1989, died Sunday in New York. Zimmerman, who was 82, led American Banker during a decade that witnessed both the Savings and Loan Crisis and the growth of nonbank financial services providers. Inside the newsroom, Zimmerman mentored a generation of young reporters. Indeed, those who worked with Zimmerman remember him as the opposite of the grizzled newsman who has become a media archetype. "He was a warm, generous, kindhearted man who genuinely cared about how I was doing in my career," Barbara Rehm, who joined American Banker's Washington Bureau in 1987, later rising to serve as editor-in-chief, said Tuesday. "He had an aura about him that emanated kindness. You felt from across the room. It was that substantial." She said Zimmerman worked to make American Banker more inclusive for women and minority journalists at a time when that wasn't always the norm. "It was an era of men; it was a business of men," Gross said. "He was a man who treated women in the newsroom as equals. He made me the first woman [to be named] on the masthead of American Banker when I was associate editor. It was a great honor for me." Zimmerman was born in Brooklyn and raised in Bensonhurst and Queens. According to his daughter, Carlota Zimmerman, Zimmerman attended the March on Washington in August 1963 where he witnessed Dr. Martin Luther King deliver his famous "I have a dream" literally him and my mother sitting at the kitchen table with his first book. "I spent my childhood selling books with him at book fairs." In 2006, Zimmerman launched MakeBeliefsComix.com, a still-active website site that lets students create comic strips. "He was always a man who took classes," Carlota Zimmerman said. "Everything from the poetry of Yeats to the history of the Bible. No matter what was going on at American Banker or Newsday, he had a lot of other creativity."
January 3, 2024 at 4:21 PM
top4all.bsky.social
CFPB Sues Vanderbilt, Accuses It of ‘Traping People in Risky Loans’

the Consumer Financial Protection Bureau sued the nonbank financing company Vanderbilt Mortgage and Finance Monday (Jan. 6), saying the company owed money to consumers despite evidence they couldn't afford the loans. Vanderbilt is…
CFPB Sues Vanderbilt, Accuses It of ‘Traping People in Risky Loans’
the Consumer Financial Protection Bureau sued the nonbank financing company Vanderbilt Mortgage and Finance Monday (Jan. 6), saying the company owed money to consumers despite evidence they couldn't afford the loans. Vanderbilt is a unit of the manufactured home builder Clayton Homeswhich is a wholly owned subsidiary of Berkshire Hathawaythe CFPB said on Monday (Jan. 6) press release…
top4all.net
January 6, 2025 at 4:10 PM
reporterev.bsky.social
In addition, the CFPB agreed to take up two rulemaking petitions yesterday. One from the Consumer Bankers Association and the Center for Responsible Lending for a larger participant rule for nonbank personal lenders.
January 9, 2025 at 2:37 PM