A bank by any other name ..
“Banks” are regulated by the government. However, because the generic term bank applies to a number of different types of financial institutions that provide different services, different types of regulation are required. This issue has attracted much attention in recent years as nonfinancial firms—including Wal-Mart—attempted to obtain a “bank.” This article traces changes in the definition of the term commercial bank for the purposes of regulation and discusses the implications for one type of “bank”: industrial loan companies.
Volume (Year): (2007)
Issue (Month): Q IV ()
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