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A comment on Apple pulls plug on Goldman credit-card partnership. Parent comment

Re:Apple pulls plug on Goldman credit-card partnership by yellow_lead on Tuesday November 28, 2023 @07:22PM (#38453663)
Is that still the case if the bank is a subsidiary?
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Re:Apple pulls plug on Goldman credit-card partnership by gottorf on Tuesday November 28, 2023 @08:11PM (#38454107)
Yes, the Bank Holding Company Act of 1956 regulates "any company which has control over any bank".
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Re:Apple pulls plug on Goldman credit-card partnership by throwaway2037 on Tuesday November 28, 2023 @10:01PM (#38454911)
Hat tip. This part is so important. It prevents a non-bank from taking over a bank with the implicit goal of lending money to themselves. This would be a real danger.
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