Fed Greenlights Nonbank Ventures: Ho-Hum Approval Seekers
Published Date: 9/8/2025
Notice
Summary
Some companies want to start or buy businesses that do special 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 September 23, 2025. This affects companies across the U.S. and helps keep banking activities safe and fair without costing anyone extra right now.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Public Comment Window and Disclosure
The Federal Reserve is accepting public comments on these proposals, and comments must be received not later than September 23, 2025. Comments are subject to public disclosure and generally will be made available without change, including contact or business identifying information.
Credicorp Continues Advisory Services
Credicorp LTD. filed to retain voting shares of Credicorp Capital USA, Inc., and thereby continue engaging in financial and investment advisory activities under Regulation Y section 225.28(b)(6) and agency transactional services under section 225.28(b)(7). Unless otherwise noted, these activities are to be conducted throughout the United States.
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