Industrial Loan Companies/Banks and the Separation of Banking and Commerce: Legislative and Regulatory Perspectives
Description: Industrial Loan Companies (ILCs), are state-chartered and state-regulated depository institutions whose deposits the Federal Deposit Insurance Corporation (FDIC) may insure. This report addresses the controversy over expansion of ILCs by line of business and by branching across the nation as follows, providing: (1) a historical overview of the U.S. separation of banking and commerce; (2) information on ILCs and their regulation; and (3) identifying and analyzing relevant legislation in Congress.
Date: June 27, 2005
Creator: Jackson, William D.
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Partner: UNT Libraries Government Documents Department