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The Start Of A Whole-Of-Government Approach To Regulating Big Tech

President Joe Biden has not formally announced a holistic approach to regulating Big Tech, but a new rule from the Consumer Financial Protection Bureau may be the start.

Deposit insurance scheme could materially impact non-banks profits

Consultation underway on how the cost of deposit insurance should be shared.

FDIC mulls loss-sharing with nonbanks to boost bids on failed lenders - Bloomberg News

The U.S. Federal Deposit Insurance Corp is mulling whether to offer loss-sharing agreements to private equity firms and other nonbanks that buy parts of failed lenders, after it was left holding a. | May 6, 2023

SMEs switch to non-banks during trying times

Despite many small- to medium-sized businesses making plans for growth, tightened lending conditions are encouraging many to seek alternative finance options, ScotPac reveals.

CFPB Proposed a Rule Requiring Nonbanks Use of Contracts

CFPB proposed a rule requiring nonbanks subject to its supervisory authority, with limited exceptions, to annually register with the CFPB regarding their use of certain terms and conditions in form contracts for products and services that pose risks to consumers.

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