Federal Charter


Also found in: Wikipedia.

Federal Charter

A document placing a bank under federal regulation. A federal charter is required in order to operate in more than one state.
References in periodicals archive ?
The federal charter positions People's more competitively to pursue business expansion across state lines as it permits the bank to open new branches and expand its businesses in all states on the same terms as any federally-chartered bank.
Optional Federal Charter bill brings insurance regulatory system into the 21(st) Century
Insurers that favor optional federal charter legislation are willing to bear the cost of two separate layers of taxes, assessments and fees if it brings about regulatory uniformity, representatives of both life and property/casualty trade associations said.
We adamantly, adamantly, adamantly oppose the optional federal charter and this bill in particular," said PIA National Executive Vice President & CEO Len Brevik in remarks to agents at the start of the April 6 summit.
COLUMBUS, Ohio -- Nationwide reiterated its support for an optional federal charter today as it applauded Representatives Melissa Bean and Ed Royce for their introduction of "The National Insurance Act of 2007.
Opposition to Optional Federal Charter, Support of Natural Catastrophe Plan Top List of Issues for Professional Insurance Agents April 5-6
As the European Union lurches toward hard-fought compromise on a handful of insurance issues, debate As heating up again in the United States over whether state-level regulation of insurance makes sense, as opposed to an optional federal charter.
Melissa Bean (D-IL) and Ed Royce (R-CA) for their introduction of legislation that would modernize the insurance regulatory system by creating an optional federal charter for insurers.
WASHINGTON, March 6 /PRNewswire/ -- The National Association of Professional Insurance Agents has reaffirmed its opposition to any proposals that call for a so-called "optional" federal charter for insurers.
But as for an optional federal charter, to take that to Congress--I don't think it's there yet, and I don't think the industry has made the case.
Federal Charter Will Improve Consumer Experience and Lower Costs for the U.
None of these challenges presents an insurmountable obstacle to the creation of a workable, optional federal charter as we envision it.

Full browser ?