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.
Download or read book How the Other Half Banks written by Mehrsa Baradaran and published by Harvard University Press. This book was released on 2015-10-06 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States has two separate banking systems today—one serving the well-to-do and another exploiting everyone else. How the Other Half Banks contributes to the growing conversation on American inequality by highlighting one of its prime causes: unequal credit. Mehrsa Baradaran examines how a significant portion of the population, deserted by banks, is forced to wander through a Wild West of payday lenders and check-cashing services to cover emergency expenses and pay for necessities—all thanks to deregulation that began in the 1970s and continues decades later. “Baradaran argues persuasively that the banking industry, fattened on public subsidies (including too-big-to-fail bailouts), owes low-income families a better deal...How the Other Half Banks is well researched and clearly written...The bankers who fully understand the system are heavily invested in it. Books like this are written for the rest of us.” —Nancy Folbre, New York Times Book Review “How the Other Half Banks tells an important story, one in which we have allowed the profit motives of banks to trump the public interest.” —Lisa J. Servon, American Prospect
Download or read book Unique Treatment of General Motors Acceptance Corp GMAC Under the TARP written by Elizabeth Warren and published by DIANE Publishing. This book was released on 2011-04 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Congressional Oversight Panel March Oversight Report written by United States. Congressional Oversight Panel and published by . This book was released on 2010 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate Structure and Banking Resolution written by Marcelo J. Sheppard Gelsi and published by Springer Nature. This book was released on with total page 427 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Banking Systems in the Crisis written by Suzanne J. Konzelmann and published by Routledge. This book was released on 2013 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on detailed comparative case studies, this new volume from a leading international group of authors reveals fundamental differences in the economic and political ideology underlying the the six Anglo-Saxon 'liberal market economies' (LMEs), and how this determined their relative resilience in the face of the global financial crisis.
Download or read book Economic Review written by and published by . This book was released on 2007 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Industrial Loan Corporations written by Richard J. Hillman and published by DIANE Publishing. This book was released on 2006-02 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Examining the Regulation and Supervision of Industrial Loan Companies written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2010 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Industrial Loan Corporations recent asset growth and commercial interest highlight differences in regulatory authority report to the Honorable James A Leach House of Representatives written by and published by DIANE Publishing. This book was released on with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Industrial Loan Banks written by Alex Reger and published by . This book was released on 2018 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses industrial loan banks (ILBs) and the recent public policy debate associated with chartering these banks, including Square's recent ILB application in Utah.
Download or read book Industrial Loan Companies Banks and the Separation of Banking and Commerce written by and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industrial Loan Companies (ILCs) are state-chartered and state-regulated depository institutions. The Federal Deposit Insurance Corporation (FDIC) may insure them. Their owners include nonfinancial companies that cannot own ("hold" stock of) a bank under the Bank Holding Company Act (i.e., to be a bank or financial holding company). Their primary federal regulator is not the Federal Reserve, which regulates bank holding companies, but the FDIC. While prominent large ILCs include subsidiaries of securities firms, their owners also include automotive and retailing companies. The ILC form reflects a persistent tendency to combine the financing of a business with its operations, standard in many countries, especially Germany and Japan, but in disfavor in America. ILCs, therefore, have developed against a long U.S. two-way tradition of the separation of banking and commerce. (1) Ownership interests that nonfinancial firms may have in banks are generally 25% or less. (2) Banks may generally hold only nominal amounts of corporate stock. ILCs evoke two major policy concerns. First, should Congress grant ILCs powers that would allow them to be nationwide banks while in competition with community banks? Second, could the combination of state and FDIC regulation provide oversight comparable to that for nationwide banks, especially for bank holding companies? The interest shown by Wal-Mart in controlling an ILC with nationwide potential has heightened interest in these issues. The 108th Congress considered these issues in two bills that passed the House. H.R. 758 would have allowed ILCs to provide business checking accounts, while H.R. 1375 would have allowed ILCs to open branches nationwide. These measures could have transformed ILCs into a parallel banking system regulated primarily by a few states, growing into large institutions with commercial ownership. In 2005, Wal-Mart announced that it was again applying for an ILC charter. (DaimlerChrysler did likewise later in the year). In the 109th Congress, H.R. 1224, allowing business checking accounts, passed the House on May 24, 2005, in a way preventing ILCs owned by nonfinancial businesses from becoming more bank-like. H.R. 3882 independently seeks to make any company that controls an ILC become a financial holding company (as defined above.).The House Financial Services Committee voted out H.R. 3505, a regulatory relief measure, on November 16. This bill would restrict ILCs from opening branches on an interstate, national, basis. This report analyzes the controversy by: (1) providing a historical overview of the separation of banking and commerce; (2) examining the nature of ILCs and their regulation; and (3) identifying and analyzing the relevant legislation in Congress. This report will be updated as events warrant.
Download or read book Development and Public Banks written by Stephany Griffith-Jones and published by Taylor & Francis. This book was released on 2022-12-12 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: Development finance institutions (DFIs), also known as public development banks (PDBs) are public financial institutions initiated and steered by governments with explicit official missions to promote public policy objectives, and public development banks (PDBs) are the main category. DFIs are experiencing a renaissance worldwide, but there is limited academic research examining their roles, operations, and effectiveness. This book attempts to fill this gap by bringing together world-renowned scholars who discuss in detail the economics and the social consequences of both development banks and public banks. Combining together, the chapters in this volume discuss topics from sustainability, development impact of financial instruments, a new development financial architecture, and the interaction with existing international rules like the Basel Accord. This book will be of particular interest to students, scholars, and researchers of development finance, global governance, and international political economy. The chapters in this book were originally published in the Review of Political Economy.
Download or read book Parliamentary Debates written by Western Australia. Parliament and published by . This book was released on 1922 with total page 1722 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Automotive Industries written by and published by . This book was released on 1925 with total page 974 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Automotive Industries the Automobile written by and published by . This book was released on 1925 with total page 526 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Parliamentary Debates written by New Zealand. Parliament and published by . This book was released on 1972 with total page 1146 pages. Available in PDF, EPUB and Kindle. Book excerpt:
