UNDERSTANDING INDUSTRIAL LOAN COMPANIES (ILCs)
This course examines ILCs, and related policy issues.
We will begin with an overview of ILCs (and the current state of the industry.
Next, we will examine the policy issues raised by ILCs.
Then, we will go over a summary of the current regulatory framework’s development and examine industry and policy developments since 2005.
These developments include the FDIC’s and Congress’s implementation of moratoriums on new ILC approvals and recent developments involving fintech companies.
The course concludes with brief descriptions of selected, possible legislative alternatives.