Do cellphone companies have financial institution backing fir device loans?

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Tillman Sauer asked a question: Do cellphone companies have financial institution backing fir device loans?
Asked By: Tillman Sauer
Date created: Sun, Dec 26, 2021 9:38 AM
Date updated: Thu, Jun 23, 2022 12:47 PM

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Is a loan of Finance Company a subsidiary of a bank?

  • 2 A loan of finance company is a "subsidiary" of a financial institution if the company is controlled by the parent financial institution. See, e.g., 12 CFR 5.34 regarding Operating Subsidiaries of National Banks.

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