(Download) "National Title Resource Agency Inc. v. Board of Governors of Federal Reserve System" by Eighth Circuit U.S. Court of Appeals # eBook PDF Kindle ePub Free
eBook details
- Title: National Title Resource Agency Inc. v. Board of Governors of Federal Reserve System
- Author : Eighth Circuit U.S. Court of Appeals
- Release Date : January 10, 1995
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 68 KB
Description
Intervenor Norwest Corporation of Minneapolis applied to respondent Board of Governors of the Federal Reserve System for permission to acquire Double Eagle Financial Corporation of Phoenix under § 4(c)(8) of the Bank Holding Company Act, 12 U.S.C. § 1843(c)(8). By acquiring Double Eagle and its subsidiary, United Title Agency of Arizona, Norwest proposed to enter the title insurance agency and real estate settlement market in Arizona. Petitioner National Title Resources Agency, Inc., a competitor of United Title, filed a letter protesting the acquisition and requesting a public meeting pursuant to 12 C.F.R. § 262.25(d) of the agencys regulations. The Board considered this protest, Norwests written response, and the other evidence of record and granted the application without holding a public meeting. The Board denied National Titles request for reconsideration, and National Title petitioned this court for review of the Boards approval order. See 12 U.S.C. § 1848.