Senators urge FDIC to give fair consideration to industrial banks ...Middle East

A bipartisan group of senators is supporting “industrial loan company” charters, a move that puts them at odds with House legislation over a controversial pathway for financial technology companies to access the traditional banking system. The five Republicans and four Democrats say the charters, which can be issued by the Federal Deposit Insurance Corporation, allow “new […] The post Senators urge FDIC to give fair consideration to industrial banks appeared first on Roll Call.

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