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The Shadow Committee argues thatthe Senate Banking Committeeshould not pass legislation that continues torestrict the ability of retailers and other nonfinancial companies to acquire or charter Industrial Loan Companies. There is little, if any, evidence that the policy of separating banking and commerce makes economic sense.
A new House Resolution intended to protect the banking industry against competition will ultimately hurt American consumers and banks.
What will the effect be of the FDIC's decision to extend the moratorium on the approval of new applications by nonfinancial companies to charter or acquire ILCs?
Can a separation between banking and commerce be justified?
Doesthe policy of separating banking and commerce have any continuing viability after the adoption of the Gramm-Leach-Bliley Act in 1999?
Congress has made a serious error by limiting the control of banks to companies engaged in financial activities. Hopefully the FDIC will not follow suit.
In the two years since its enactment, the U.S.-Chile Free Trade Agreement has gotten positive reviews from the governments of Chile and the United States. Not only has total trade increased by 85 percent, but decreased tariffs have stimulated increased diversity of goods. The good news is due, at least...
The Federal Deposit Insurance Corporation should permit its moratorium on nonfinancial firms acquiring ILC charters to expire as planned on January 31.



