In a new development in the case National Association of Industrial Bankers, et al v. Weiser, et at, the 10th Circuit Court of Appeals has granted our motion for a full panel rehearing.

The National Association of Industrial Bankers (NAIB) along with American Financial Services Association, Financial Technology Association, Innovative Lending Platform Association, Online Lenders Alliance, TechNet, and The Payments Coalition letter.

The National Association of Industrial Bankers (NAIB) congratulates UBS on its successful transition from an industrial bank to a nationally chartered bank, marking an important milestone in the firm’s continued growth in the United States.

Comment letter to the House Corporations Committee of the State of Rhode Island General Assembly regarding opposition to H 7850, opting out of DIDMCA

Industrial loan charters and new bank formations are featured in recent testimony by Treasury Secretary Scott Bessent. Read the article from PYMNT.

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.

The National Association of Industrial Bankers (NAIB), issued the a statement today regarding the filing of a new industrial bank application with the Federal Deposit Insurance Corporation (FDIC) by PayPal Holdings, Inc.

The National Association of Industrial Bankers today expressed deep concern over the Tenth Circuit’s decision upholding Colorado’s effort to extend its interest-rate laws to out-of-state, federally insured banks.

A letter to FDIC Acting Chairman Travis Hill reaffirming that industrial banks are among the nation’s best-performing, best-capitalized, and safest financial institutions—operating under robust FDIC oversight that is as strong or stronger than that applied to bank holding companies.

The National Association of Industrial Bankers, the Utah Bankers Association, and the Nevada Bankers Association appreciate the FDIC’s ongoing support in improving the transparency, timing, and consistency of the current application process.

A new report from the Utah Center for Financial Services at the David Eccles School of Business at the University of Utah finds that industrial banks have consistently demonstrated resilience and a strong financial condition, even during periods of economic stress.

NAIB filed a letter of support for OneMain Bank's application for an industrial bank charter. OneMain Financial has been a long-term member of the Utah Association of Financial Services, an affiliated organization of NAIB.

Stellantis on Feb. 11 applied to form an industrial bank through the Utah Department of Financial Institutions.   The application for the bank, dubbed Stellantis Bank USA, is pending approval by the Federal Deposit Insurance Corporation

The National Association of Industrial Bankers welcomes the 119th Congress and looks forward to working with members toward our shared goal of a strong and safe banking sector.

GM Financial resubmitted its application for an industrial loan company charter Friday to the Federal Deposit Insurance Corp. and the Utah Department of Financial Institutions.

The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) approved a deposit insurance application submitted by Thrivent Financial for Lutherans (TFL) based in Minneapolis (through its wholly owned subsidiary Thrivent Financial Holdings), to create Thrivent Bank, a newly chartered industrial bank headquartered in Salt Lake City, Utah.

Romney made the request to the FDIC in a letter that was also signed by Sens. Catherine Cortez Masto, Susan Collins, Kyrsten Sinema and Debbie Stabenow.

A bipartisan group of senators led by Sen. Mitt Romney (R-Utah) sent a letter to the Federal Deposit Insurance Corp. this morning urging the bank regulator to give industrial banks fair regulatory treatment, particularly among new entrants.

After a year when crypto tanked and regulators have become increasingly skeptical of bank-fintech partnerships, observers say the prospect of new industrial loan company applications being approved is increasingly remote.

A bipartisan group of senators is warning the Federal Deposit Insurance Corp. to give new industrial loan company charter applications due consideration, urging the regulator to "follow the laws that Congress carefully designed."

We write today to express support for the industrial loan company (ILC) charter and respectfully remind you to ensure the Federal Deposit Insurance Corporation (FDIC) continues to follow the laws that Congress carefully designed for the FDIC to consider new deposit insurance applicants, including ILCs.