Banks Eye Side Hustles: Fed Plays Gatekeeper
Published Date: 5/19/2025
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 June 3, 2025. This affects companies across the U.S. and helps make sure these moves follow the rules without causing money trouble.
No Economic Impacts Identified for this Document
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Key Dates
Related Federal Register Documents
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2026-14373, Formations of, Acquisitions by, and Mergers of Bank Holding Companies
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2026-14064, Formations of, Acquisitions by, and Mergers of Bank Holding Companies
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Previous / Next Documents
Previous: 2025-08896, Formations of, Acquisitions by, and Mergers of Bank Holding Companies
Some companies want to become bank holding companies or buy other banks, and the Federal Reserve is checking their applications. If you have thoughts, you can share them by June 18, 2025. This process affects banks, investors, and the public by shaping who controls banks and how they grow.
Next: 2025-08898, Agency Information Collection Extension
The Department of Energy is extending a form they collect info on for three more years. This means businesses and people who fill out this paperwork get to keep doing it without changes for now. No new costs or deadlines are coming, just a smooth continuation of the current process.