Home NewsKennedy urges FDIC to stop companies from taking advantage of legal loophole during pandemic

Kennedy urges FDIC to stop companies from taking advantage of legal loophole during pandemic

by Will Phillips
Sen. John Kennedy (R-La.) today wrote to the Chairman of the Federal Deposit Insurance Corporation (FDIC), Jelena McWilliams, urging her not to allow industrial loan companies (ILCs) to take advantage of a loophole in the Bank Holding Company Act dur
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