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MoFo Reenforcement The Enforcement Blog

Tag Archives: Bank Holding Company Act

FDIC Opens for Business for Industrial Banks

Posted in Regulatory Developments

On March 17, 2020, the Federal Deposit Insurance Corporation (FDIC) announced two significant developments relating to industrial banks (also sometimes called industrial loan companies). First, in a notice of proposed rulemaking (NPR), the FDIC laid out the regulatory regime it expects to apply to companies not subject to consolidated supervision by the Board of Governors… Read More

Federal Reserve Issues Final Rule on Control Regulations

Posted in Regulatory Developments

On January 30, 2020, the Board of Governors of the Federal Reserve System approved a final rule (the Final Rule) revising the regulations related to the determination of “control” of banks under the Bank Holding Company Act (BHC Act) and of federal savings associations under the Home Owners’ Loan Act (HOLA). The Final Rule is… Read More

Volcker Rule Relief for Foreign Banking Entities

Posted in Regulatory Developments

On August 20, 2019, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) approved a final rule which will amend the Volcker Rule to simplify and tailor compliance with Section 13 of the Bank Holding Company Act’s restrictions on a bank’s ability to engage in proprietary trading and… Read More

Federal Reserve Proposes New Control Regulations

Posted in Regulatory Developments

The Board of Governors of the Federal Reserve System  released a proposed rule to revise regulations related to the determination of “control” under the Bank Holding Company Act (“BHC Act”) and the Home Owners’ Loan Act. The Proposed Rule would incorporate existing interpretations under the “controlling influence” prong of the control definition into Federal Reserve regulations and… Read More