New Nonbank Lending Reporting Rules: What Lenders Must Know

On May 22, 2024, US banking regulators finalized a significant change to how banks report loans and commitments to nonbank financial entities. This new rule aims to provide regulators with a clearer picture of the risks associated with this growing sector. The requirements will become effective on December 31, 2024, with the first reports due in the first quarter of 2025. 

June 19, 2024