Rearguard Action: Independent Community Bankers of America Supports Closure of Industrial Loan Charter “Loophole” to Eliminate “Shadow Banking”
The Independent Community Bankers of America (ICBA) has issued a statement of “strong support” regarding pending legislation targeting Industrial Loan Charters (ILC). An ILC is a regulated financial services charter that may be held by non-financial institutions. ILCs may hold FDIC insured deposits – a… Read More
Read more in: Uncategorized, Fintech, Opinion, Politics, Legal & Regulation | Tagged banking, colin walsh, google, icba, ilc, independent community bankers of america, industrial loan charter, john kennedy, nat hoopes, perspective, rebecca lynn, varo money