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5 results for "Industrial Banks and Industrial Loan Companies (ILC Parent Companies)"
Registry1
Registry
WebBank
US · FDIC (Utah ILC)
LendingBNPLCardsAccounts
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Regulatory Tracker1
Regulatory TrackerMar 17, 2020medium
Industrial Banks and Industrial Loan Companies (ILC Parent Companies)
The FDIC issued a proposed rule for consolidated supervision of ILC parent companies ('Covered Companies'), requiring written agreements on capital, liquidity, and risk management, with restrictions o...
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Deal Feed3
Deal FeedJan 15, 2021
FDIC Finalizes Rule Clarifying Industrial Loan Company Application Process
... for industrial loan companies (ILCs), an increasingly popular charter path for fintech firms seeking banking capabilities. The rule establishes conditions and commitments for ILC parent companies wit...
Federal Deposit Insurance Corporation (FDIC)
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Deal FeedJun 14, 2024
FDIC Approves Thrivent Financial ILC Charter, First in Four Years
The FDIC approved an industrial loan company charter for Thrivent Financial for Lutherans on June 14, 2024, the first ILC approval since Block and Nelnet in 2020. The new Thrivent Bank will be based i...
Thrivent Financial for LutheransFDICUtah Department of Financial Institutions
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Deal FeedMar 18, 2020
FDIC Approves ILC Bank Charters for Square and Nelnet
The FDIC approved Industrial Loan Company (ILC) charters for Square Financial Services (Square Bank) and Nelnet Bank, ending a years-long moratorium on new ILC charters. This landmark decision opens t...
SquareNelnetFDIC
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