1 May 2025
💼Federal Reserve Proposals on Nonbanking Company Engagement
Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities
Summary
The Federal Reserve System has issued a notice regarding proposals that permit companies to engage in nonbanking activities under the Bank Holding Company Act. These proposals allow for the acquisition or control of entities involved in specified nonbanking services across the U.S. Interested parties are invited to submit comments on these proposals.
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The notice outlines proposals for companies to engage in permissible nonbanking activities under the BHC Act, which directly affects business operations and compliance requirements for financial institutions and bank holding companies. It highlights the opportunity for expansion into nonbanking services, thus potentially increasing revenue streams.