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Industrial loan companies

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Author Info
O. Emre Ergungor
James B. Thomson

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Abstract

Once Wal-Mart announced its intention to acquire an industrial loan company, a public furor arose that has brought a lot of attention to a type of institution that has existed for quite some time, but was not widely recognized outside of banking circles. What are ILCs and why have they become so controversial lately?

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File URL: http://www.clevelandfed.org/research/commentary/2006/1001.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Cleveland in its journal Economic Commentary.

Volume (Year): (2006)
Issue (Month): Oct 1 ()
Pages:
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Handle: RePEc:fip:fedcec:y:2006:i:oct1

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Related research
Keywords: Industrial loan associations;

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