>> “ Regulation Y also describes transactions for which bank holding companies must seek and receive the Federal Reserve’s approval.”
My reading of Reg Y is if Capital One got approval from the Fed, it’s fine for them as a bank holding company to engage in a nonbanking activity. Am I missing something?
My reading of Reg Y is if Capital One got approval from the Fed, it’s fine for them as a bank holding company to engage in a nonbanking activity. Am I missing something?
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Source:
https://www.frbsf.org/banking/regulation/regulations-policie...