Nonbank Financial Institution (NBFI)
A nonbank financial institution (NBFI) cannot accept deposits from the public as it does not have a full bank license, but it is a source of consumer credit. NBFIs include insurance firms and pawn shops.
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A nonbank financial institution (NBFI) cannot accept deposits from the public as it does not have a full bank license, but it is a source of consumer credit. NBFIs include insurance firms and pawn shops.