Close the Shadow Banking Loophole Act
Tag: Close the Shadow Banking Loophole Act
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...
Supporting Close the Shadow Banking Loophole Act
IBAT, alongside numerous other state community banking trade associations, signed a letter to the Chairman of the Senate Banking Committee urging action on legislation to permanently close the industrial...