The Federal Reserve System has published a notice listing companies that wish to engage in or acquire nonbanking activities as allowed under the Bank Holding Company Act and Regulation Y. Interested individuals can view the applications at the Federal Reserve Banks or online, and can submit their written opinions on whether the proposals meet the required standards by March 12, 2021. One specific request comes from Hazen Bancorporation, Inc. in North Dakota, aiming to engage in data processing services through subsidiaries. The public can access more information or express their views through the provided contact details.
Simple Explanation
The Federal Reserve has a list of companies that want to do some new business activities, and people can share their thoughts about these plans by March 12, 2021. One company from North Dakota wants to help with computer services, and everyone can learn more or tell what they think about it.