nonbank

[ noun non-bangk; adjective non-bangk ]

noun

1. an institution that is not a bank but engages in certain banking bank practices, as lending money or holding deposits.

adjective

1. of, relating to, or handled by a nonbank:

   nonbank loans.

Word History and Origins

Origin of nonbank¹

First recorded in 1945–50; non- + bank ²

Example Sentences

Mr. Cooper, one of America’s largest nonbank mortgage loan servicers, suffered a cyberattack last week that disrupted loan payments and other transactions for millions of customers.

From New York Times

"Today's rule would crack down on one avenue for regulatory arbitrage by ensuring large technology firms and other nonbank payments companies are subjected to appropriate oversight," he said.

From Reuters

The Consumer Financial Protection Bureau wants to extend its watchdog powers to cover digital wallets and payment apps run by nonbank companies like Apple, Google, PayPal and Block.

From New York Times

“Today’s rule would crack down on one avenue for regulatory arbitrage by ensuring large technology firms and other nonbank payments companies are subjected to appropriate oversight.”

From New York Times

But state lawmakers decide how much interest nonbank lenders can charge.

From Reuters