FDIC Proposes Amendments to Its Change in Bank Control Act Regulations
JD Supra: Mergers
AUGUST 9, 2024
The proposal would establish stricter oversight of certain transactions and responds to concerns that large asset managers may be exerting influence on FDIC-supervised institutions. On July 30, 2024, the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) approved a Notice of Proposed Rulemaking to amend the agency’s regulations under the Change in Bank Control Act (the Proposal).
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