financial stability
Tag: financial stability
IBAT Pushes Back on Stablecoin Effort to Bypass Banks
Last week, the cryptocurrency industry clarified its desire and intent to circumvent the American banking system. In a letter of support for the creation of so-called “skinny accounts” at the Federal...
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...