The Federal Deposit Insurance Corporation Board approved publication of a request for information (RFI) seeking comments on how the agency reviews filings submitted by industrial banks and industrial loan companies and withdrew a 2024 proposed rule that would have changed the FDIC’s requirements for their parent companies. The RFI is intended to inform how the FDIC evaluates the statutory factors applicable to each filing, taking into account the distinctive features of industrial bank business plans and the broad range of companies that may seek to establish an industrial bank. Separately, the FDIC withdrew its proposed amendments to Part 354, Parent Companies of Industrial Banks and Industrial Loan Companies, that were published on August 12, 2024, and said it no longer intends to issue a final rule on that proposal; any future changes would be pursued through a separate regulatory action. Comments on the RFI are due 60 days after publication in the Federal Register.
Federal Deposit Insurance Corporation 2025-07-15
Federal Deposit Insurance Corporation seeks input on industrial bank filing reviews and withdraws proposed Part 354 changes for parent companies
The FDIC Board approved a request for information on the review process for filings by industrial banks and loan companies, while withdrawing a 2024 proposed rule on parent company requirements. The RFI aims to refine FDIC evaluations of statutory factors, considering the unique aspects of industrial bank business plans. The FDIC will not finalize the withdrawn proposal and may address changes through separate regulatory actions.