An organization that owns a single thrift, a thrift being a savings-and-loan association. It has a greater freedom than a bank holding company and has the authority to take on different types of commercial or industrial business. Establishing a new unitary thrift was forbidden with the Gramm-Leach-Bliley Act.
Related information about unitary thrift:
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A company that controls a single savings-and-loan association. Unitary thrifts resemble bank holding companies in some respects, but their financial powers are ...
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Unitary Thrift Company that controls a single Savings and Loan Association . Unitary thrifts are similar to bank holding companies, but have broader financial.
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The term "unitary savings and loan holding company" or "unitary thrift holding company" is a shorthand description of a corporate structure in which a company ...
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Certain grandfathered unitary thrift holding companies could continue to engage in unrestricted activities. Such a company, however, could not sell the savings ...
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disadvantages that flow from a unitary thrift charter.12 Part III will examine State ... banking companies to own a single thrift as a unitary thrift holding company.16 ...
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A company that owns one thrift, which is a bank specializing in residential mortgages and checking/savings accounts. A unitary thrift has more freedom than a ...
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ing law: the unitary thrift holding company exemp- tion from laws ... corporations, to own unitary thrift holding compa- ... I. History of the Unitary Thrift Loophole ...
- What is unitary thrift? definition and meaning
Definition of unitary thrift: An organization that owns a single thrift, a thrift being a ... Establishing a new unitary thrift was forbidden with the Gramm-Leach-Bliley Act.