22 Apr 2025
🏦Federal Reserve Notice on Nonbanking Activities Proposals
Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities
Summary
The Federal Reserve System has issued a notice detailing proposals for companies to engage in nonbanking activities, as per the Bank Holding Company Act. It includes guidelines for public comments on these proposals and outlines specific companies involved. Interested parties can review compliance requirements and contribute their perspectives to the regulatory process.
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The document involves proposals for companies to engage in nonbanking activities through acquisitions, which affects compliance and regulatory requirements under the Bank Holding Company Act. This could lead to increased business opportunities or risks for companies involved in the financial sector.