Fed Announces Mystery Companies Want to Do Mystery Things
Published Date: 12/11/2025
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 check out these plans and share their thoughts by December 26, 2025. This helps keep banking safe and fair while allowing companies to grow in new ways across the U.S.
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Noticed Plans to Offer Loans Nationwide
Several firms (including Costellis International Limited, Inter & Co, Inc., and Banco Inter S.A.) have filed notices under section 4 of the Bank Holding Company Act to engage in extending credit and servicing loans throughout the United States. The public may inspect the filings and submit comments to the Federal Reserve by December 26, 2025.
Proposed Nationwide Investment and Brokerage Services
The filings state the companies would conduct asset management and investment advisory activities (through Inter US Management LLC and Inter & Co US Advisors LLC) and securities brokerage activities (through Inter & Co Securities LLC) throughout the United States. Interested persons may submit comments to the Reserve Bank or the Board of Governors by December 26, 2025.
Plans to Provide Money Transmission Services
The notice says the firms would provide money transmission services through Inter & Co Payments, Inc., and that these services would be conducted throughout the United States. The public comment deadline for these filings is December 26, 2025.
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