21Jan
FDIC Issues Final Rule for Industrial Bank Application Process
What Happened - On December 15, 2020, the Federal Deposit Insurance Corporation (FDIC) adopted a final rule, effective April 1, 2021, setting forth conditions, commitments, and requirements for the approval of deposit insurance applications, changes in control, and merger transactions in which an insured industrial bank or industrial loan company (ILC) would become a subsidiary of a company not subject to consolidated supervision from the Federal Reserve Board that would directly or indirectly...
By:
Manatt, Phelps & Phillips, LLP
Source Url: https://www.jdsupra.com/legalnews/fdic-issues-final-rule-for-industrial-1898701/
Related
On December 9, 2019, the U.S. District Court for the Southern District of New York ruled that, as a ...
Read More >
On July 29th OSHA submitted a draft Request for Information (RFI) to the Office of Management and Bu...
Read More >
The current COVID-19 pandemic is posing unprecedented challenges on our public health systems and co...
Read More >
Leading Retailer Failed to Reasonably Accommodate Deaf Employees Federal Agency Charged - WASHINGT...
Read More >
Workers’ compensation benefits in New Jersey and Pennsylvania are calculated using a statewide aver...
Read More >
This update provides an overview of key regulatory developments in the past three months relevant to...
Read More >