non-bank financial institutions

44% of Millennials Used Non-Bank FIs in 2023, Leading All Generations  
44% of Millennials Used Non-Bank FIs in 2023, Leading All Generations  
May 14, 2024  |  Consumer Finance

In researching PYMNTS Intelligence’s “Meeting the Demand for Instant Ad Hoc Payments,” a collaboration with Ingo Payments, we found the volume of instant, nonrecurring ad hoc...

READ MORE >
Goldman Sachs Aims for $300 Billion Private Credit Portfolio
Goldman Sachs Aims for $300 Billion Private Credit Portfolio
March 12, 2024  |  Banking

Goldman Sachs Asset Management is reportedly planning a major expansion of its private credit portfolio. The Wall Street giant aims to grow that portfolio to $300 billion in...

READ MORE >
BoE Official Calls For Closer Look at Non-Bank Lenders
BoE Official Calls For Closer Look at Non-Bank Lenders
February 26, 2024  |  Loans

A Bank of England official is calling for more research into non-bank lenders. This effort would help prevent a “credit crunch” that could result from a pull-back by hedge...

READ MORE >
Regulators Worry as Banks’ Debt to Shadow Lenders Tops $1 Trillion
Regulators Worry as Banks’ Debt to Shadow Lenders Tops $1 Trillion
February 11, 2024  |  Banking

American lenders have loaned so-called “shadow banks” more than $1 trillion, and regulators are worried. That’s according to a report Saturday (Feb. 10) by the...

READ MORE >
EU Regulators Investigate Bank and Shadow Bank Connections
EU Regulators Investigate Bank and Shadow Bank Connections
January 03, 2024  |  Banking

Regulators in Europe are reportedly probing the ties between banks and non-bank financial institutions (NBFIs). This investigation is borne out of concerns about possible contagion due to...

READ MORE >
CFPB Director Calls for Stronger Data Protections
CFPB Director Calls for Stronger Data Protections
October 06, 2023  |  CFPB

Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), has reportedly expressed concerns about the potential risks posed by payment systems that enable excessive surveillance and...

READ MORE >