Fed Seeks Comments on Nonbank Business Proposals
Published Date: 5/18/2026
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 June 2, 2026. This helps keep banking safe and fair while allowing new business moves across the U.S.
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Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Public comment deadline set
The Federal Reserve is asking the public to comment on proposed nonbanking activities and acquisitions; written comments must be received by June 2, 2026. Comments will be publicly disclosed and are available for inspection at the indicated Federal Reserve Banks and the Board's FOIA office.
Company seeks to offer loan services nationwide
Bayerische Raiffeisen-Beteiligungs-Aktiengesellschaft notified the Board it will retain voting shares of BayWa AG and thereby indirectly engage in extending credit and servicing loans under Regulation Y section 225.28(b)(1). The notice says these activities would be conducted throughout the United States and are subject to the Board's review and public comment process.
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