US Treasury seeks to tighten nonbank rules following banking crisis
Janet Yellen called for further regulation of nonbank institutions claiming they pose a systemic risk to U.S. financial stability.
Search by tag: #nonbank
Deposits at non-bank entities, including crypto firms, are not insured — FDIC
The government agency said that while deposits at insured banks were covered for up to $250,000, no such protections applied to those at crypto companies.