Lawmakers fret over backdoor entry to banking for big companies ...Middle East

Lawmakers from both parties are expressing concerns about potential risks posed by state-chartered industrial loan companies that can blend financial services and other commercial activities. At a hearing last week, they questioned whether the process sought by financial technology companies that have no history of taking deposits will give these companies a backdoor entry into […] The post Lawmakers fret over backdoor entry to banking for big companies appeared first on Roll Call.

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