Browsing: nonbank
Russell Vought, acting director of the Consumer Financial Protection Bureau, is also director of the Office of Management and Budget.…
Key insight: The Financial Stability Oversight Council proposal would emphasize the designation of activities rather than individual firms, setting a…
The reproposal of bank capital rules for mortgages appears to deliver on earlier signals, including looser servicing asset rules, additional…
Two years on from a report recommending the creation of a resolution fund to guard against disorderly bankruptcies, concentration among…
Key insight: The Financial Stability Board report found that nonbank assets rose 9.4% in 2024, double the growth of the…
From private credit to stablecoins, firms with scant oversight have been allowed to gobble up business that formerly went to…
Key insight: Federal Reserve Gov. Christopher Waller’s comments suggest the barriers to nonbank firms acquiring a “skinny” Fed master account…
Russell Vought, acting director of the Consumer Financial Protection Bureau, also heads the Office of Management and Budget.Andrew Harrer/Bloomberg Key…
Key insight: The agency predicts it will collect voluntary survey data on anti-money laundering compliance costs from hundreds of thousands…
What’s at Stake: Banks want a level playing field with nonbanks and bank trade groups say the proposal would create…