Category Archives: Industrial Loan Company

The Good and Bad of Bank Regulation: The Case of Industrial Banks

By | January 15, 2019

 Courtesy of James R. Barth and Yanfei Sun [1] “Industrial banks” are financial institutions that are probably a mystery to most Americans. Although they may not be household names, industrial banks (IBs) have existed for more than a century. Indeed, they pre-date the establishment of the Federal Reserve in 1913. Their names are a nod to… Read More »

Comptroller’s Remarks Indicate the Fintech Charter Could Lead to Mixing of Banking and Commerce

By | October 2, 2017

Drowned out by yet another busy news cycle last week were Acting Comptroller of the Currency Keith Noreika’s remarks at a fintech conference held at the Federal Reserve Bank of Philadelphia. However, these comments should not be overlooked, as they have the potential to upend the banking industry in this country by tearing down the… Read More »