What were the objectives of the Bank Holding Company Act (BHCA)?
Please list some of the activities for which bank holding companies need prior approval. What are the concerns of bank regulators with regard to the interposition of BHC’s between the banks and their regulators?
a – What factors does the Fed analyze before granting or denying a bank holding company application?
b – Do these factors really bear on the concerns surrounding national versus state banking? Explain.
The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) was signed into law July 21st, 2010. Please describe objectives and features of the Act which persons considering obtaining a bank charter should have in mind before they proceed.