Tag Archives: nonbanks

The new proposed rule would require nonbank financial companies to register their use of contract terms and fine print that seek to waive or limit consumer rights and legal protections.

The Consumer Financial Protection Bureau (CFPB), created in 2010 as part of the Dodd-Frank Act, has invoked an unused portion of its legal power to examine nonbank financial companies that pose risks to consumers.  The CPFB believes that using this ...

A new report compared home price appreciation at the entry-level of the housing market with prices in the high tier. Here’s what it found.

As re-performing loan product continues to fall, non-bank servicers are backing away from delinquent borrowers, according to a report. Here’s where they’re concentrating instead.

The House passed two bipartisan bills that are aimed at increasing accountability for both, banks and nonbanks.

The Alleviating Stress Test Burdens to Help Investors Act was passed by the House with a 395-19 majority. The passing of this bill by the house is expected to pave the way for exempting nonbank financial institutions that are regulated ...

The U.S. House of Representatives unanimously passed the SAFE Transitional Licensing Act by voice vote. The bill could alter the way that mortgage loan officers at a federally-insured institution move to nonbank lenders.