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 June 14, 2019, the Hong Kong Court of First Instance handed down an interlocutory decision in McL...
Read More >
As the state with the second longest coastline (8,436 miles) and the second largest number of island...
Read More >
According to OPTIS Partners’ latest quarterly report, following a slowdown in the second quarter of...
Read More >
The Department of Labor recently issued a fact sheet intended to help employers understand their ret...
Read More >
The retail industry is in the midst of perhaps its most challenging time in its history. To make sur...
Read More >
Running a restaurant is hard. It’s long hours, short tempers and fickle customers. But add in thos...
Read More >