ILC

Battle Lines Being Drawn as FDIC Examines Industrial Loan Companies

Battle Lines Being Drawn as FDIC Examines Industrial Loan Companies
Battle Lines Being Drawn as FDIC Examines Industrial Loan Companies
October 09, 2024  |  Bank Regulation

A relatively obscure corner of the banking sector is being thrust into the spotlight — and the Federal Deposit Insurance Corp. may change the ways in...

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FDIC Approves Square For Banking License
FDIC Approves Square For Banking License
March 19, 2020  |  Banking

The Federal Deposit Insurance Corporation (FDIC) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank...

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Rakuten Applying For US Banking Charter
Rakuten Applying For US Banking Charter
July 26, 2019  |  Banking

A Japanese FinTech company is applying for a banking charter in the United States, according to a report by American Banker. Get the Full Story...

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Banking Trade Group Doesn’t Want Square To Be A Bank
Banking Trade Group Doesn’t Want Square To Be A Bank
October 11, 2017  |  Bank Regulation

The Independent Community Bankers of America (ICBA), the trade group for community banks, is calling on the Federal Deposit Insurance Corporation (FDIC) to deny a...

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