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, eliminating corporate shadow banking act of 2019, google, icba, ilc, independent community bankers of america, industrial loan charter, john kennedy, nat hoopes, perspective, rebecca lynn, rebecca romero rainey, varo money