With more non-traditional banking organizations seeking charters to increase the activities they may engage in or to offer more products and services, the question becomes: What options might be available when it comes to possible charters? This program will explore the pros and cons of an industrial loan company (ILC), special purpose or novel charter for fintech and non-traditional banking organizations. It will also review legislative proposals to close the so-called ILC loophole.
Materials
The content of this program does not meet requirements for continuing legal education (CLE) accreditation. You will not receive CLE credit for participating.