12 CFR 7.5003 - Composite authority to engage in electronic activities.

Regulations last checked for updates: Feb 06, 2026

Title 12 - Banks and Banking last revised: Dec 01, 2026

View all text of Subpart E [§ 7.5000 - § 7.5010]

§ 7.5003 - Composite authority to engage in electronic activities.

Unless otherwise prohibited by Federal law, a national bank may engage in an electronic activity that is comprised of several component activities if each of the component activities is itself part of or incidental to the business of banking or is otherwise permissible under Federal law.

authority: 12 U.S.C. 1

source: 61 FR 4862, Feb. 9, 1996, unless otherwise noted.

cite as: 12 CFR 7.5003