Episode 397: Review of ICBA white paper on Industrial Loan Companies

This episode reviews a white paper issued by the Independent Community Bankers Association (ICBA) on Industrial Loan Companies (ILCs). This white paper outlines the history of the ILC charter, the growth of the ILC industry, why ILCs are a threat, and finally why the ILC “loophole” should be closed. A link to the report is included below.

Link: ilc-white-paper.pdf