An industrial bank or industrial loan company (each, an ILC) charter can be an attractive option for a financial technology company (fintech) or other company seeking to enter the banking space. In June 2024, the Federal...more
7/1/2024
/ Bank Holding Company Act ,
Business Model ,
Community Banks ,
Compliance ,
Deposit Insurance ,
Dodd-Frank ,
EGRRCPA ,
FDIC ,
FinTech ,
Fintech Charter ,
Non-Bank Lenders ,
Nonbank Firms ,
Volcker Rule
On January 30, 2020, the Board of Governors of the Federal Reserve System (Federal Reserve) issued a final rule (Rule) that revises the Federal Reserve’s regulations related to determinations of whether a first company (an...more
2/5/2020
/ Bank Holding Company Act ,
Banks ,
Board of Directors ,
Board of Governors ,
CBCA ,
CEOs ,
Controlling Influence Test ,
Controlling Stockholders ,
Divestiture ,
Equity Investors ,
Established Business Relationship ,
Federal Reserve ,
Fiduciary Exception ,
Final Rules ,
Financial Statements ,
GAAP ,
HOLA ,
Investment Adviser ,
Investment Companies ,
Investment Funds ,
Investors ,
Management Agreements ,
Non-Controlling Interests ,
Private Equity ,
Proxy Solicitations ,
Publicly-Traded Companies ,
Senior Managers ,
Voting Securities
The Office of the Comptroller of the Currency (the OCC) plans to consider applications from companies engaged in financial technology—or FinTech—activities to operate through a national bank charter and has released a paper...more
The Federal Reserve Board, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Securities and Exchange Commission (the "SEC") issued a final rule, and the Commodity Futures...more
12/20/2013
/ Asset Management ,
Asset-Backed Securities ,
Bank Holding Company Act ,
Banks ,
Bonds ,
CFTC ,
Dodd-Frank ,
FDIC ,
Federal Reserve ,
Fiduciary Duty ,
Financial Market Utilities ,
FSOC ,
Joint Venture ,
Life Insurance ,
Nonbank Firms ,
OCC ,
Pensions ,
Private Funds ,
Proprietary Trading ,
REIT ,
Retirement Plan ,
Securities and Exchange Commission (SEC) ,
SIFIs ,
Subsidiaries ,
Tender Offers ,
Venture Capital ,
Volcker Rule