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ILCs Scrutinized

Tags » Banking Industry, Financial Regulators  » Comments (0)

Steven Oberbeck writes for The Salt Lake Tribune about a move by 98 members of Congress who asked the Federal Deposit Insurance Corp. yesterday to impose a moratorium on issuing deposit insurance for any industrial bank owned by a commercial company while Congress considers the future of industrial loan corporations. The request is the latest move by opponents of Wal-Mart's application for an ILC in Utah and for FDIC approval of that ILC.

Posted: Jun 9, 2006 05:55 AM Pacific |   |   |   Tweet This

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