General World News

Opinion: We don’t need increased regulation of IMBs


Last week the Wall Street Journal published a story by Andrew Ackerman stating that the Biden administration wants to target nonbanks for tougher oversight and additional regulation.

The story states, “the Biden administration is laying the ground­work to target nonbank firms with stricter federal over­sight as regulators grow concerned about financial threats from companies operating outside of the tightly supervised banking system.”

The article was striking to me because it was not long ago that members of a previous administration proposed defining nonbank mortgage lenders as a systemically important financial institution (SIFI) risk as a sector. The assumption was that details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com