Companies Seek Nod for Nonbank Ventures: Fed Listens
Published Date: 2/14/2025
Notice
Summary
Some companies want to start or buy businesses that do activities related to banking but aren’t banks themselves. The Federal Reserve is checking these plans and asking the public to share their thoughts by March 3, 2025. This affects companies across the U.S. and helps make sure these moves follow the rules and keep things safe and fair.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
Public Comment Deadline and Disclosure
The Federal Reserve is accepting public comments on these proposals; comments must be received by March 3, 2025. Comments received are subject to public disclosure and may be made available without redaction of contact or business information.
WaFd Seeks New Tax, Trust, and Advisory Services
WaFd, Inc. filed notices to engage de novo nationwide in tax-planning and tax-preparation services, data processing, trust company functions, financial and investment advisory activities, agency transactional services for customer investments, and investment transactions as principal through proposed new subsidiaries. These proposals would, if approved, allow WaFd to offer those nonbanking services throughout the United States.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in