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ABA: FDIC Should Set Standards for Disapproval of ILC Transactions

July 01, 2020 at 08:09PM

The FDIC should clearly set out the circumstances under which it would be required to disapprove a deposit insurance application or other industrial loan bank or industrial loan company transaction, ABA recommended in a comment letter to the agency today.

The post ABA: FDIC Should Set Standards for Disapproval of ILC Transactions appeared first on ABA Banking Journal.

via ABA Banking Journal https://bit.ly/2YQtRkf

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