Tag: banking regulation

A Big Week in the Interchange Fight

Last week brought a notable defeat for the swipe fee fight in the states when Colorado Gov. Jared Polis vetoed Senate Bill 26-134, a measure that would have barred payment card...

Senate Bill Aims to Close Industrial Loan Company Loophole

Following last week’s announcement that the Federal Deposit Insurance Corporation (FDIC) approved Ford Motor Company and General Motors Company to establish industrial loan companies, a bipartisan bill was introduced in the U.S. Senate...

FDIC Approves Carmakers’ Bids to Establish Banks

Last week, the Federal Deposit Insurance Corporation (FDIC) approved deposit insurance applications from Ford Motor Company and General Motors Company, paving the way for the automakers to establish their own industrial...