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In a Win for FinTech, New FDIC Rule Clarifies Industrial Bank Application Process

Seyfarth Synopsis: The Federal Deposit Insurance Corporation (“FDIC”) has issued a new rule codifying and clarifying its expectations for industrial banks and their parent companies to receive approval for federal deposit...more

Federal Banking Regulators Sign Off on Volcker Rule 2.0

On October 8, 2019, five federal agencies jointly announced that they had finalized revisions designed to simplify compliance with the Volcker Rule regulations implementing Section 13 of the Bank Holding Company Act. The...more

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