💼Change in Bank Control Notices and Financial Regulatory Framework
The Federal Reserve System issued a notice regarding applications under the Change in Bank Control Act, detailing the process for acquiring shares in banks or bank holding companies. The notice emphasizes the criteria for reviewing applications, public comment guidelines, and the process for obtaining information about these applications.
Learn More🏦Change in Bank Control Notices Affecting Acquisitions
The Federal Reserve System announces applications for reaching shares of banks or bank holding companies under the Change in Bank Control Act. It outlines the factors for consideration in these applications and provides access to public comments related to these transactions. Interested parties are invited to submit their views by a specified deadline.
Learn More🏦Proposed FDIC Survey on AML/CFT Compliance Costs
The Federal Deposit Insurance Corporation (FDIC), as part of its obligations under the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to take this opportunity to comment on a proposed information collection, a Survey of the Costs of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Compliance. The survey seeks to gather information on the direct compliance costs incurred by FDIC-supervised insured depository institutions and, to the extent these expenses overlap with those of other activities (such as fraud and credit card monitoring), the amount attributable to AML/CFT compliance. The FDIC is seeking a new OMB Control Number for this information collection. The FDIC expects to submit this information collection as a common form so that the other federal banking agencies and the National Credit Union Administration may use the information collection to survey the entirety of the banking and credit union industry.
Learn More🏦Notice on Change in Bank Control and Share Acquisitions
The Federal Reserve System details the application process for acquiring shares in a bank or bank holding company under the Change in Bank Control Act. Interested parties can submit comments regarding the application before the specified deadline, and applications will be publicly disclosed, emphasizing transparency and public involvement in the regulatory process.
Learn More📑OCC Seeks Comments on CRA-Related Information Collection Renewal
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled, "Disclosure and Reporting of CRA-Related Agreements." The OCC also is giving notice that it has sent the collection to OMB for review.
Learn More🏦Analysis of Change in Bank Control Notices Impact on Businesses
The Federal Reserve System published a notice concerning applications for acquiring shares of banks or bank holding companies under the Change in Bank Control Act. The notice details the factors considered in the application process and emphasizes public comment opportunities, ensuring transparency in bank ownership.
Learn More🏦FDIC Announces Termination of Receiverships for National Republic Bank
The Federal Deposit Insurance Corporation (FDIC) announces the termination of the receivership for National Republic Bank of Chicago following the completion of liquidation and asset distribution. The action signifies the official end of the bank's legal status and involves the FDIC-Corporate assuming necessary legal responsibilities on behalf of the Receiver.
Learn More🏦Regulatory Notice
The Federal Reserve System has announced changes regarding bank control notices under the Change in Bank Control Act. This includes notifications about ownership acquisitions of shares in banks or bank holding companies, outlining public comment procedures and relevant Federal Reserve Bank contacts for further information.
Learn More🏦Regulatory Notice on Bank Holding Company Mergers and Acquisitions
The Federal Reserve System has issued a notice concerning the formations, acquisitions, and mergers of bank holding companies, inviting public comments on the applications. The notice details the processes involved and provides information on how to access related documents and submit any feedback on the applications.
Learn More🏦Federal Reserve Notice on Bank Holding Company Mergers and Acquisitions
The Federal Reserve System announces applications for the formation, acquisition, and merger of bank holding companies under the Bank Holding Company Act. Interested parties are invited to comment on these applications, which are available for public inspection, and the process involves several regulatory compliance measures and potential impacts on the banking landscape.
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