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