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Federal Register Publications

Comments RIN 3064-AF88

Parent Companies of Industrial Banks and Industrial Loan Companies
12 CFR Part 354 RIN 3064–AF88
Notice of proposed rulemaking

Summary: The FDIC proposes to modify the regulations governing the parent companies of industrial banks in 12 CFR part 354.  The amendments would revise the regulation’s scope to include conversions involving proposed industrial banks under section 5 of the Home Owners’ Loan Act and other situations as determined by the FDIC; clarify the relationship between written commitments and the FDIC’s evaluation of relevant statutory factors; and set forth additional criteria the FDIC would consider when assessing the risks presented to an industrial bank by its parent company and affiliates and evaluating the institution’s ability to function independently of its parent company and affiliates.


89 FR 65556
Comment Period End: October 11, 2024
 


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Submitted By
01. Michael Ravnitzky
02. NAIB, AFSA, Frank R. Pignanelli, Bill Himpler
03. National Community Reinvestment Coalition, Jesse Van Tol
04. Community Bankers Association of Illinois, David G. Schroeder
05. Bank Policy Institute, Joshua Smith
06. Celtic Bank and Celtic Investment Inc., Todd Boren and Reese Howell, Jr.
07. Conference of State Bank Supervisors, Karen K. Lawson
08. Nelnet, Inc. and Nelnet Bank, Timothy A. Tewes and Andrea Moss
09. Consumer Federation of America, 3 other organizations
10. Alliance for Automotive Innovation, National Automobile Dealers Association
11. George Sutton
12. Independent Community Bankers of America, Mickey Marshall
13. Comenity Capital Bank, Bread Financial Holdings, Inc., Bruce Bowman, Joseph Motes
14. National Association of Industrial Bankers and 2 other organizations, Frank R. Pignanelli, et al.
15. Market Institute, Charles Sauer
16. Ford Motor Credit Company, Cathy O'Callaghan
17. Better Markets, Shayna M. Olesiuk, et al.
18. Congress of the United States, Blake D. Moore, et al.
19. Consumer Federation of America and 2 other organizations, Robert E. Rutkowski
20. American Financial Services Association (AFSA), Celia Winslow
21. GM Financial Bank, William J. Donnelly

Last Updated: October 31, 2024