Nonbank

The $600 billion asset-backed securities market had been hobbled in recent weeks by worries that new rules as part of the Dodd-Frank financial overhaul would mean regulators could seize the loans bundled into asset-backed securities sold by auto-finance companies and other so-called nonbank lenders. ❋ Anusha Shrivastava (2011)

Mr. Himpler disagrees with the notion nonbank finance companies aren't regulated, noting the firms are licensed and regulated in every state in which they operate. ❋ Maya Jackson Randall (2012)

Under Dodd-Frank, the council must consider a series of factors including the institution's leverage and risk exposures in determining whether to label a nonbank "systemically important." ❋ Unknown (2011)

The consumer-financial bureau has rule-writing, supervisory and enforcement authority over banks and a hodgepodge of so-called nonbank firms that, in the run-up to the 2008 financial crisis, escaped regulation of any sort. ❋ Unknown (2011)

Ames Financial belonged to a category of firms known as nonbank financial institutions. ❋ Unknown (2008)

Insurance Corp. Their plan sought to narrow the focus to businesses they said were at the core of the economic crisis - such as nonbank mortgage companies. ❋ Unknown (2010)

Treasury Secretary Henry Paulson said the 700-billion-dollar government rescue plan would focus now on continued capital injections to struggling banks, but would also look at ways to help the "nonbank" financial sector under the Troubled Asset Relief Programme (TARP). ❋ Unknown (2008)

Treasury Secretary Henry Paulson said the $US700 billion ($1.1 trillion) government rescue plan would focus now on continued capital injections to struggling banks, but would also look at ways to help the "nonbank" financial sector under the Troubled Asset Relief Program ❋ Unknown (2008)

Paulson said the 700-billion-dollar plan would focus now on continued capital injections to struggling banks, but would also look at ways to help the "nonbank" financial sector under the Troubled Asset Relief Program (TARP). ❋ Unknown (2008)

Firms that will be required to submit these plans include all bank holding companies with $50 billion or more in assets as well as any nonbank financial firm that regulators deem important to the health of the financial system and therefore subject to Federal Reserve oversight. ❋ Victoria McGrane (2011)

Those nonbank financial firms that regulators deem important to the health of the financial system and therefore subject to Federal Reserve oversight will also be required to submit a plan. ❋ Victoria McGrane (2011)

Without a director, the bureau cannot supervise "nonbank" firms that offer payday loans, student loans and check-cashing services. ❋ Maya Jackson Randall (2011)

The Commodity Futures Trading Commission has proposed similar rules for nonbank financial firms, and the Securities and Exchange Commission must also do so. ❋ Victoria McGrane (2011)

Under the Dodd-Frank Act, the CFPB can regulate larger nonbank "participants" in the financial system and they have been looking for comments on what financial markets to cover, how to measure what a "large" participant is, and what kinds of data they should be collecting to protect consumers. ❋ Nathan Newman (2011)

There is nothing wrong with any of those activities, but let you nonbank people do it and you can provide fluidity in markets and flexibility. ❋ Unknown (2009)

Politicizing the funding of bank supervision would be a dangerous precedent, and it would deprive the CFPB of the predictable funding it will need to examine large and powerful banks consistently and to provide a level playing field with their nonbank competitors. ❋ Ariana Eunjung Cha (2011)

Gary Rivlin recounts in "Broke USA" that when nonbank lenders started to realize there were profits to be made in low-income neighborhoods in the early 1990s, they preyed upon the poor, who had never been lent to before. ❋ Bryce Covert (2011)

At least one in 10 seek nonbank financing options, including cash advances or peer-to-peer loans, the company says. ❋ Angus Loten (2011)

So far, regulators haven't designated any nonbank institutions as subject to oversight, but that is expected to change once regulators finish the criteria they will use to judge which of those companies are so big and complex as to need additional scrutiny. ❋ Victoria McGrane (2011)