Industrial Loan Companies: A Growing Industry Sparks a Public Policy Debate

Industrial Loan Companies: A Growing Industry Sparks a Public Policy Debate
Author :
Publisher : DIANE Publishing
Total Pages : 322
Release :
ISBN-10 : 9781428988903
ISBN-13 : 1428988904
Rating : 4/5 (904 Downloads)

Book Synopsis Industrial Loan Companies: A Growing Industry Sparks a Public Policy Debate by : Kenneth Spong

Download or read book Industrial Loan Companies: A Growing Industry Sparks a Public Policy Debate written by Kenneth Spong and published by DIANE Publishing. This book was released on 2008-05 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industrial Loan Co., or ILCs, are a small, but rapidly growing part of the financial industry. These institutions operate in 7 states & have nearly all of the same powers as commercial banks. However, ILCs differ greatly from banks in one characteristic -- ILCs may be owned & operated by firms engaged in commercial activities, thus skirting the prohibitions on mixing banking & commerce. This article examines the public policy issues that arise from mixing banking & commerce. It reviews the history of ILCs & the legal & supervisory frameworks under which they operate. Looks at the reemergence of ILCs under their new forms of ownerships & takes a close look at individual ILCs & the types of bus. they conduct. Also explores the public policy issues. Illus.


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