The National Association of Industrial Bankers strongly supports the American Lending Fairness Act of 2026, introduced by Senator Bernie Moreno (OH) and Representative Warren Davidson (OH), which restores clarity to the long-standing interstate banking rules under the Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA).

The National Association of Industrial Bankers (NAIB) expressed its strong opposition to newly introduced legislation – the Close the Shadow Banking Loophole Act – introduced by Sen. John Kennedy (R-IA) and Sen. Andy Kim (D-NJ) and designed to curtail the ability of industrial banks to serve market needs that other banks overlook.

The National Association of Industrial Bankers (NAIB) welcomes today’s approval by the Federal Deposit Insurance Corporation (FDIC) of  Ford Credit Bank and GM Financial Bank to operate as  federally insured industrial banks.

Today, the state of Colorado filed a response in the 10th Circuit Court of Appeals as part of ongoing litigation regarding its attempt to regulate certain out-of-state banks by opting out of the uniform federal interstate banking framework under the Depository Institutions Deregulation and Monetary Control Act (DIDMCA).

A food-truck operator, a hometown car dealership, and a woman-owned neighborhood bakery seeking to grow their business and achieve their American dream choose an industrial bank as their financial partner.

“We are confident Chairman Hill will ensure the consistent regulatory framework that is essential to safety, soundness, and diversification across the banking industry,” said NAIB Executive Director Frank Pignanelli.