The Federal Reserve System has received applications from companies seeking approval to establish an Edge Corporation under Section 25A of the Federal Reserve Act. These applications are available for public inspection at the specified Federal Reserve Banks and on the Federal Reserve's website. Interested individuals can submit written comments on these applications, but should be aware that comments are subject to public disclosure. Comments must be submitted by April 8, 2025, either to the appropriate Reserve Bank or to the offices of the Board of Governors in Washington, DC.
Simple Explanation
The Federal Reserve is checking if some companies can follow special rules to do business, and everyone can read their applications online and say what they think about it. But they should be careful not to share secrets because everything they write can be seen by everyone.