Home Depot's ILC Plan Renews Worries
Bill McConnell reports for TheDeal.com about Home Depot's announcement that it plans to acquire Utah industrial loan company EnerBank USA - saying those plans are "sure to invigorate efforts on Capitol Hill to eliminate this controversial category of lending institution."
According to Home Depot:
EnerBank USA, a wholly owned subsidiary of CMS Energy, provides home improvement loans, which remodeling and trade contractors can offer their customers. It provides loans for a wide variety of home improvement projects, including window and door replacements, heating and air conditioning upgrades, kitchen and bath remodeling, roofing, painting and landscaping work.
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