6 May 2025
📊Federal Reserve Notice on Nonbanking Activity 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 regarding proposals by companies wishing to engage in or acquire nonbanking activities. This notice is open for public comment and includes details about compliance under the Bank Holding Company Act and Regulation Y, affecting business operations across the United States.
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The notice outlines proposals for businesses to engage in nonbanking activities under the Bank Holding Company Act, implicating financial regulatory requirements for business operations. Interested parties can comment, influencing compliance standards and business strategies.