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Anyone know anything about banking laws? |
I am getting burnt out researching this stuff. Its dry and dull, and I would much rather be doing something better with my time this weekend. Besides, I am putting in hours on monday, so I would like to finish this up by then. What I need to know is this: If a foreign bank is operating within its home market, what does it need to do to be approved by the Comptroller here in the US? What are the fees/costs involved? How long is the process? If they are approved by the Comptroller, does this carry to whatever State they open offices out of? If they do not open branches, and operate exclusively over the internet, do they need to be registered in every state? HMMM good question.Can you e-mail the FDIC or do they have a contact number. That is where I would turn next. |
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