Fresh Today

Fresh Today

WASHINGTON—The Independent Community Bankers of America is expressing its “strong support” for a bill that would close the loophole that allows industrial loan companies (ILCs) and their parent companies to “skirt regulatory oversight, endangering consumers and the economy.”

WASHINGTON—Sens. Dan Sullivan (R-AK) and Mazie Hirono (D-HI) have introduced a bill to exempt loans made to veteran-owned businesses from a credit union’s member business lending cap, the Veterans Member Business Loan Act (S. 2834).