Following a Treasury Department analysis of online marketplace lending which urged bank regulators to govern relationships with these companies, the FDIC has proposed new standards making it clear that state-chartered, non-member banks under its authority will come under far more stringent risk-management and governance requirements when they acquire loans from such entities, securitize them, or provide other services. The guidance may well have been parked by online-marketplace lending, but it also applies to other arrangements in which covered banks provide these services, including those to the payday lenders long a subject of regulatory and political controversy. Indeed, as drafted, it would cover more traditional relationships, including those with mortgage brokers, and mortgage securitization, with the language not clearly exempting even the GSEs or Ginnie Mae from coverage.
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