Federal Reserve System Seeks Public Comments on Cypress Capital Group Nonbanking Activity Proposal
April 22, 2025
April 22, 2025
WASHINGTON, April 22 (TNSFR) -- The Federal Reserve System has issued a notice seeking public comments on a proposal from Cypress Capital Group, Inc. based in Palm Beach, Florida.
The company has submitted a notice under section 4 of the Bank Holding Company Act (BHC Act), as well as Regulation Y, to engage in de novo activity by extending credit and servicing loans. This activity is outlined in section 225.28(b)(1) of the Board's Regulation Y, which pertains to permissible no . . .
The company has submitted a notice under section 4 of the Bank Holding Company Act (BHC Act), as well as Regulation Y, to engage in de novo activity by extending credit and servicing loans. This activity is outlined in section 225.28(b)(1) of the Board's Regulation Y, which pertains to permissible no . . .