Failing Bank Acquisition Fairness Act restricts concentration limit exceptions for bank mergers to cases preventing economic disruption.
The Failing Bank Acquisition Fairness Act amends the Federal Deposit Insurance Act and the Bank Holding Company Act of 1956 to limit concentration limit exceptions for bank mergers. These exceptions can only be used if the merger involves a bank in default or in danger of default, and the responsible agency determines that the merger is necessary to prevent significant economic disruption or adverse effects on financial stability.
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