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CFPB

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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