Industrial Loan Co., or ILCs, are a small, but rapidly growing part of the financial industry. These institutions operate in 7 states a have nearly all of the same powers as commercial banks. However, ILCs differ greatly from banks in one characteristic -- ILCs may be owned a operated by firms engaged in commercial activities, thus skirting the prohibitions on mixing banking a commerce. This article examines the public policy issues that arise from mixing banking a commerce. It reviews the history of ILCs a the legal a supervisory frameworks under which they operate. Looks at the reemergence of ILCs under their new forms of ownerships a takes a close look at individual ILCs a the types of bus. they conduct. Also explores the public policy issues. Illus.The instruction guide defines a public school as aquot;any school or college controlled and supported by a local, county, State, ... kindergarten, and schooling which leads to an elementary school certificate, high school diploma, or college degree.
|Title||:||Industrial Loan Companies: A Growing Industry Sparks a Public Policy Debate|
|Publisher||:||DIANE Publishing - 2008-05|