Bank Holding Company

A “bank holding company” is a company that owns, or has a controlling interest in, one or more banks. In the United States, the U.S. Federal Reserve Board of Governors is responsible for regulating and supervising bank holding companies, even if the bank owned by the holding company is under the primary supervision of a different federal agency (the Comptroller of the Currency or the Federal Deposit Insurance Corporation).

In the prepaid debit card world, an example of a bank holding company is Discover Financial Services (which owns a part of Discover Bank).

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