9 May 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 issued a notice regarding proposals for bank holding companies to engage in or acquire companies involved in permissible nonbanking activities. This includes compliance requirements, public transparency, and avenues for public comment, impacting business operations within the banking sector.
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The notice pertains to the engagement in or acquisition of companies by bank holding companies for permissible nonbanking activities, requiring compliance with the BHC Act and responding to public comments. This regulatory scrutiny has direct implications for business owners and executives seeking to expand banking-related activities.