AFREF, CFA, Prof. Wilmarth Submit Letter to the FDIC Warning of the Dangers of Industrial Loan Company Bank Charters

AFREF, Consumer Federation of America and Prof. Art Wilmarth submitted comments to the FDIC warning about the harms to consumers, communities, and the financial system that would ensue from expanding the industrial loan company (ILC) bank charter loophole to Big Tech, crypto, and other predatory financial firms.