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Nonbank

Trump backs ban on institutional buyers in housing market

Housing, Nonbank, Politics and policy /

Key insight: President Donald Trump said he would ban institutional investment in single-family homes, and called on Congress to codify the changes.  What’s at stake: Banks are often financiers of institutional investments in single-family housing stock.  Forward look: The White House doesn’t have unilateral power to ban institutional investors from purchasing single family homes, but […]

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Gould backs charters to bring nonbanks into regulatory fold

Nonbank, Politics and policy, Regulation and compliance, Stablecoin /

Key insight: Gould argued the OCC can only ensure fair oversight by admitting qualified fintechs and crypto firms through national trust charters, saying regulation outside the perimeter is impossible. Supporting data: He acknowledged concerns over fairness as the OCC reviews trust charters like Coinbase’s and said Dodd-Frank narrowed the “scope of banking relevance,” driving innovation

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CFPB drops nonbank registry rule, citing cost burden

CFPB, Community Home Lenders of America, HWmember, LendingLife, Mortgage, Mortgage Bankers Association, Nonbank, Regulatory, Regulatory Compliance /

The Consumer Financial Protection Bureau (CFPB) on Wednesday issued a final rule to immediately rescind the nonbank registry rule and a proposal to create a registry of nonbank contract terms and conditions. The decision was applauded by mortgage trade groups.  The nonbank registry rule was published in the Federal Register in July 2024 and set

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CFPB kills two Biden-era nonbank registries, citing costs

CFPB kills two Biden-era nonbank registries, citing costs

CFPB News & Analysis, Nonbank, Politics and policy /

Russell Vought, acting director of the Consumer Financial Protection Bureau, also heads the Office of Management and Budget.Andrew Harrer/Bloomberg Key Insight: The rescission of the two nonbank registries is in line with the Trump administration’s deregulatory posture. What’s at Stake: Nonbank technology companies are no longer a target of the CFPB. Supporting Data: Acting CFPB

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CFPB to further curb its ability to supervise nonbanks

CFPB to further curb its ability to supervise nonbanks

Nonbank, Politics and policy, Regulation and compliance /

Bloomberg News WASHINGTON — The Consumer Financial Protection Bureau is proposing a new rule that would limit its ability to oversee nonbanks, according to a notice published quietly in the Federal Register Tuesday.  The CFPB said it plans to adopt a new definition of “risks to consumers with regard to the offering or provision of

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Banks vs IMBs: who wins the HELOC war?

HELOCs, Home equity loans, LOAN PRODUCTS, Nonbank /

In the race to capture home equity line of credit customers, non-bank lenders say they have plenty to offer compared to their larger competitors. All mortgage players are staring at a lucrative HELOC opportunity in the next two years with soaring equity alongside stale mortgage rates and rising consumer debt. While homeowners who secured ultra-low

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