Industrial Banking and Commerce

Fast Facts:  Industrial banks do not engage in any activity not allowed for a national bank Industrial bank holding companies can engage in any lawful activity – no evidence engaging in other activities presents any [...]

August 29th, 2016|Categories: Uncategorized|0 Comments

Congressional Committee will investigate FDIC’s role in no new bank charters

WHAT: House Committee on Oversight and Government Reform will hold a hearing regarding oversight of the FDIC application process. WHEN: Wednesday, July 13, 2016 at 10 a.m. (EDT) WHERE: Rayburn House Office Building, room 2154 [...]

July 13th, 2016|Categories: Uncategorized|0 Comments

FDIC It’s Time to Update the Definition of Brokered Deposits

  The NAIB is urging the FDIC review the exclusion of all fully-insured brokered deposits from the definition of the term “core deposit” used in the Uniform Bank Performance Report (“UBPR”). The exclusion of brokered [...]

July 13th, 2016|Categories: Uncategorized|0 Comments

American’s Need Access to Reliable Credit

For many years’ advocacy groups have described financial services public policy issues under the rubric “Wall Street vs. Main Street.” While that debate may have meaning in the political world, in reality, consumers and small [...]

July 13th, 2016|Categories: Uncategorized|0 Comments

Industrial Banks Q&A

What are industrial banks? Industrial banks, also known as industrial loan companies (ILCs), are a type of state chartered bank. The deposits of industrial banks are insured by the FDIC. Companies that own industrial banks [...]

April 20th, 2016|Categories: Uncategorized|0 Comments
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