Industrial Loan Companies/Banks and the Separation of Banking and Commerce : Perspectives and Legislation in the 108th Congress.

Addresses controversy over the expansion of industrial loan companies (ILCs), which are State-chartered and State-regulated depository institutions; and covers issues surrounding their inclusion in H.R. 758 and H.R. 1375, to allow ILCs to maintain and pay interest on business checking accounts, and...

Full description

Bibliographic Details
Corporate Authors:	Library of Congress. Congressional Research Service, ProQuest (Firm)
Format:	eBook
Language:	English
Published:	[Place of publication not identified] : [publisher not identified], 2004.
Series:	U.S. Congressional Research.
Subjects:	Banks and banking. Savings accounts. Financial institutions. Electronic books.
Online Access:	Connect to the full text of this electronic book

Description
Summary:	Addresses controversy over the expansion of industrial loan companies (ILCs), which are State-chartered and State-regulated depository institutions; and covers issues surrounding their inclusion in H.R. 758 and H.R. 1375, to allow ILCs to maintain and pay interest on business checking accounts, and open new branches across State lines. Provides historical overview of the separation of banking and commerce; examines the nature of ILCs and their regulation; and describes relevant legislation in 108th Congress.
Item Description:	Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Nov. 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. Electronic resource.
Physical Description:	1 online resource.