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AFSA ILC Opposition Letter

AFSA ILC Opposition Letter

Search results for 'ILC'

Senators Introduce Anti-ILC Legislation
Dec 15, 2023

Today, AFSA wrote a letter to the Senate Banking Committee in opposition to the recently introduced the Close the Shadow Banking Loophole Act, which targets the ability of Industrial Loan Companies (ILCs) charted entities to exist in the … Read the rest

Bipartisan Agreement: ILCs Crucial
Sep 15, 2022

A bipartisan group of Senators sent a letter today expressing their support for industrial loan company (ILC) charters to Martin J. Gruenberg, acting chair of the Federal Deposit Insurance Corporation (FDIC). Led by Senators Mitt Romney… Read the rest

AFSA Reiterates Importance of ILCs in Congressional Testimony
Apr 20, 2021

Last week, AFSA emphasized to House Financial Services Committee members that ILCs are highly regulated and well-capitalized. AFSA’s testimony was entered into the record by Chairman Ed Perlmutter (D-CO)as part of a subcommittee hearing… Read the rest

FDIC Finalizes ILC Rules
Dec 18, 2020

This week, the FDIC finalized a rule to require certain conditions and commitments for each deposit insurance application approval from an industrial bank or industrial loan company (ILC) whose parent company is not subject to consolidated… Read the rest

Champions Club Speaker Announced!
Feb 21, 2024

AFSA is pleased to confirm that two-time NBA champion, college All-American, and award-winning broadcaster Kenny Smith will serve as the 2024 Champions Club keynote speaker at the 2024 Independents Conference and Expo.

Known throughout

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AFSA Supports Competition and Access to Credit
Jan 24, 2024

AFSA joined with the National Association of Industrial Bankers, the Utah Bankers Association, and the Nevada Bankers Association in a letter to all Senators in opposition to S. 3538, the misnamed “Close the Shadow Banking Loophole Act,”… Read the rest

November White Paper on Debt Settlement Companies
Nov 02, 2023

Our latest white paper is now available. This month’s white paper takes a deeper look into debt settlement companies.

Debt settlement companies promise to reduce consumer debt significantly, but they charge high fees and may not disclose… Read the rest

October White Paper | Consumer Complaints 2023 Update
Oct 16, 2023

AFSA’s State Government Affairs’ latest white paper is now available. This month’s white paper delves into top consumer complaints reported by states.

Consumer complaint information can serve as a valuable resource for financial… Read the rest

One Revolution: Chris Waddell
Sep 19, 2023

Join us at the 2023 Annual Meeting in Salt Lake City to be motivated and inspired by Chris Waddell’s life journey and learn how you can embrace his hard-earned wisdom for yourself, your team, and business for the challenges ahead.

Get ready for… Read the rest

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