Letters to Regulators: Groups Call On FDIC To Reject Ford Credit’s ILC Charter Application

View or download a PDF of the letter here.

AFREF joined the National Community Reinvestment Coalition, the National Consumer Law Center (on behalf of its low-income clients) and the Center for Responsible Lending in sending a letter to the FDIC saying that Ford Motor Company should be denied deposit insurance for its proposed new Ford Credit industrial loan company (ILC) charter.