Federal Reserve Board requests comment on a proposal to modernize its rule governing the extension of credit to bank "insiders"—bank executives, board members and major shareholders who could potentially influence a bank's lending decisions
The Federal Reserve Board asked for comments on two proposals. One is about modernizing rules for bank 'insiders'. The other is about updating rules for mutual banking organizations. These institutions are owned by depositors, not shareholders.
6.0Significance
2 sources10.0Source trust