80 FR 29321 - Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities

FEDERAL RESERVE SYSTEM

Federal Register Volume 80, Issue 98 (May 21, 2015)

[Federal Register Volume 80, Number 98 (Thursday, May 21, 2015)]
[Notices]
[Page 29321]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-12319]


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FEDERAL RESERVE SYSTEM


Notice of Proposals To Engage in or To Acquire Companies Engaged 
in Permissible Nonbanking Activities

    The companies listed in this notice have given notice under the 
Home Owners' Loan Act (HOLA) (12 U.S.C. 1461 et seq.) and Regulation LL 
(12 CFR part 238) or Regulation MM (12 CFR part 239) to engage de novo, 
or to acquire or control voting securities or assets of a company, 
including the companies listed below, that engages either directly or 
through a subsidiary or other company, in a nonbanking activity that is 
described in Sec.  238.53 or 238.54 of Regulation LL (12 CFR 238.53 or 
238.54) or Sec.  239.8 of Regulation MM (12 CFR 239.8). Unless 
otherwise noted, these activities will be conducted throughout the 
United States.
    Each notice is available for inspection at the Federal Reserve Bank 
indicated. The notice also will be available for inspection at the 
offices of the Board of Governors. Interested persons may express their 
views in writing on the question whether the proposal complies with the 
standards of section 10(c)(4)(B) of HOLA (12 U.S.C. 1467a(c)(4)(B)).
    Unless otherwise noted, comments regarding the applications must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than June 5, 2015.

A. Federal Reserve Bank of New York (Ivan Hurwitz, Vice President) 33 
Liberty Street, New York, New York 10045-0001

    1. Synchrony Financial, Stamford, Connecticut; to retain the 
following subsidiaries: Retail Finance Credit Services, LLC, Stamford, 
Connecticut; Retail Finance International Holdings, Inc., Draper, Utah; 
Synchrony Holding Company, Mississauga, Ontario, Canada; Synchrony 
Financial Canada Company, Mississauga, Ontario, Canada; Synchrony 
Financial Canada, Mississauga, Ontario, Canada; Synchrony International 
Services Private Limited, Madhapur, India; Synchrony Global Services 
Philippines, Inc., Muntinlupa City, Philippines; CareCredit LLC, Costa 
Mesa, California; Retail Finance Servicing, LLC, Draper, Utah; Blue 
Trademark Holding, LLC, Stamford, Connecticut; Synchrony International 
Resource Management, LLC, Draper, Utah; RFS Holding, Inc., Stamford, 
Connecticut; SBFE, LLC, Beachwood, Ohio; and thereby indirectly engage 
in extending credit and servicing loans; servicing activities; holding 
or managing properties used by a subsidiary savings association; 
community development activities; commercial and other banking 
activities outside the United States; financing, including commercial 
financing, consumer financing, mortgage banking, and factoring outside 
the United States; and furnishing or performing management services for 
a subsidiary savings association; pursuant to sections 238.51(b)(1), 
(4), and (6) of Regulation LL. Synchrony Financial also proposes to 
control a mobile commerce software development company that engages in 
data processing, pursuant to section 238.51(b)(6) of Regulation LL.

    Board of Governors of the Federal Reserve System, May 18, 2015.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2015-12319 Filed 5-20-15; 8:45 am]
BILLING CODE 6210-01-P