Definition of "nonbank" []

• Of, relating to, or done by a business or an institution that is not a bank but performs similar services. (adjective)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "The $600 billion asset-backed securities market had been hobbled in recent weeks by worries that new rules as part of the Dodd-Frank financial overhaul would mean regulators could seize the loans bundled into asset-backed securities sold by auto-finance companies and other so-called nonbank lenders."
• "Mr. Himpler disagrees with the notion nonbank finance companies aren't regulated, noting the firms are licensed and regulated in every state in which they operate."
• "The consumer-financial bureau has rule-writing, supervisory and enforcement authority over banks and a hodgepodge of so-called nonbank firms that, in the run-up to the 2008 financial crisis, escaped regulation of any sort."