Federal Reserve: 3 Financial Companies Request Approval for Expanded Nonbanking Activities
November 11, 2025
November 11, 2025
WASHINGTON, Nov. 11 (TNSFR) -- Education Loan Finance Inc., Knoxville, Tennessee, Credicorp Ltd., Hamilton, Bermuda, and Broadway Bancshares Inc., Gilbert, Minnesota, have filed requests with the Federal Reserve System to engage in or retain specific nonbanking activities across the U.S. Education Loan Finance long with its subsidiary Southeast Bancorp Inc., is seeking to start data processing activities through a proposed wholly-owned subsidiary, OpenETX, based in Farragut, Tennessee. This requ . . .