Meanings of non-bank companies in English

Members of the risk council initially said they hoped to designate non-bank companies by the end of 2012.

It also allowed the CFPB to extend its oversight to larger non-bank companies participating in consumer financial markets.

Regulators have said they will not name the non-bank companies the council is considering until it issues final designations.

Dodd-Frank applied the same strict standard to big insurers and other non-bank companies that regulators believe are risky enough that their failure could threaten markets.