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
Related
Attention, Connecticut employers. October 1, 2019, marks the implementation of two new Connecticut l...
Read More >
Since our March, 2019 alert on retirement plan guidance and compliance trends, the Internal Revenue ...
Read More >
The French Supreme Court has accepted, for the first time, the possibility of concluding an approved...
Read More >
In Stanley Kubrick’s 1968 epic 2001: A Space Odyssey, HAL 9000, a fictional artificial intelligence...
Read More >
Seyfarth Synopsis: An appellate court has ruled that a district court should not authorize notice of...
Read More >
Market Trends: What You Need to Know - According to the American Bar Association's Private Target M...
Read More >