nonbanks

Federal Reserve Sets Guidelines for Banks’ Use of Stablecoins
Federal Reserve Sets Guidelines for Banks’ Use of Stablecoins
August 28, 2023  |  Regulation

A new Federal Reserve supervisory letter on the process for state member banks using dollar tokens, such as stablecoins, to facilitate payments has drawn the...

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CFPB Proposes Online Registry of Nonbank Financial Lawbreakers 
CFPB Proposes Online Registry of Nonbank Financial Lawbreakers 
December 12, 2022  |  CFPB

A regulator has proposed creating a registry of nonbank financial lawbreakers to detect “repeat offenders.” The Consumer Financial Protection Bureau (CFPB) has proposed that certain...

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US Treasury’s Liang Offers Path for Nonbank Stablecoins
US Treasury’s Liang Offers Path for Nonbank Stablecoins
July 18, 2022  |  Cryptocurrency

Nellie Liang, the U.S. Treasury Department’s undersecretary for domestic finance, thinks it would be OK for nonbanks to issue stablecoins, Coindesk reported Monday (July 18)....

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PE Firms Increase Their Business Lending Prowess
PE Firms Increase Their Business Lending Prowess
August 13, 2018  |  Loans

Private equity firms, driven in part by an influx of cash from investors looking for more yield on their investments, have been acting as lenders,...

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Banks Feeling The Heat From Nonbanks When It Comes To Business Loans
Banks Feeling The Heat From Nonbanks When It Comes To Business Loans
May 21, 2018  |  Alternative Finances

With competition increasing from the likes of hedge funds and private equity firms that are making business loans, banks are being forced to rethink how...

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Nonbank Loans Rise As Banks Find New Ways To Access Subprime Borrowers
Nonbank Loans Rise As Banks Find New Ways To Access Subprime Borrowers
April 11, 2018  |  Banking

Exeter Finance, the direct lender that lends money to people with a subprime credit score — as well as other nonbank financial companies — have...

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