Industrial Loan Companies: Are They Back In Vogue?

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Recent testimony from the proposed new chair of the FDIC, Jelena McWilliams, suggests that the FDIC may be more amendable to providing FDIC insurance to industrial loan companies (ILCs) in the future. This webinar by Pepper attorneys Richard P. Eckman, Scott D. Samlin, Mark T. Dabertin and Greg J. Rubis, explored the latest position of the FDIC as well as ILC charters and why now is the right time for them.

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Recent testimony from the proposed new chair of the FDIC, Jelena McWilliams, suggests that the FDIC may be more amendable to providing FDIC insurance to industrial loan companies (ILCs) in the future. This webinar by Pepper attorneys Richard P. Eckman, Scott D. Samlin, Mark T. Dabertin and Greg J. Rubis, explored the latest position of the FDIC as well as ILC charters and why now is the right time for them.

Topics included:

- Advantages and risks

- How to prepare to become a regulated depository institution

- Supervision and examination issues

- Alternatives. See less -

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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