Fed Eyes Shady Nonbank Deals for Public Input
Published Date: 6/30/2025
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 letting the public know and asking for comments by July 15, 2025. This helps keep banking safe and sound while allowing companies to grow in new ways across the U.S.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 0 costs, 1 mixed.
Company Notice To Extend Credit Nationwide
Method Bancshares, Inc., through its subsidiary Method Asset Holding Company, LLC (Wyandotte, Oklahoma) gave notice under section 4 of the Bank Holding Company Act and Regulation Y to engage in extending credit under 12 CFR 225.28(b)(1) and to acquire debt in default under 12 CFR 225.28(b)(2)(vii). Unless otherwise noted, these activities are to be conducted throughout the United States.
Public Comment Deadline and Disclosure
The Federal Reserve is accepting public comments on these proposals and requires that comments be received by July 15, 2025. Comments received are subject to public disclosure and generally will be made available without change, so you should not include confidential information in submissions.
Where to Inspect Applications and FOIA Access
Public portions of the applications and related filings are available for immediate inspection at the Federal Reserve Bank(s) listed (for example, the Federal Reserve Bank of Kansas City) and at the Board of Governors' offices; materials can also be requested via the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm.
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