The Bank Service Company Act: The Curious Late Life of an Old Law

The Bank Service Company Act (BSCA), enacted in response to the technological and expertise challenges faced by banks during the 1960s, permits banks to acquire and utilize bank service companies. The BSCA also authorizes U.S. banking agencies to examine and regulate bank service companies to the same extent as banks. Practitioners should explore this practice note, written by James P. Bergin and Paul Lim of Arnold & Porter, for highlights of the BSCA’s ongoing relevance and prominence in the regulation and examination of bank service companies.

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