The National Association of Industrial Bankers (NAIB), American Financial Services Association (AFSA), and Online Lenders Alliance (OLA) seek relief to protect credit access for Oregon consumers by halting enforcement of HB 4116

A remarkably broad coalition spanning federal regulators, state attorneys general, banks, credit unions, fintech companies, consumer lenders, businesses and academics filed amici briefs in National Association of Industrial Bankers, et al v. Weiser, et al supporting the position taken by NAIB, the American Financial Services Association (AFSA), and the American Fintech Council (AFC) and opposing the position taken by Colorado. 

The National Association of Industrial Bankers (NAIB) applauds today’s action by the Federal Deposit Insurance Corporation (FDIC) on the application by Stellantis Bank USA for approval to operate as a federally insured industrial bank.

According to the FDIC’s Reports of Condition for calendar year 2025—as compiled by The University of Utah’s Fintech Center—industrial banks reported an equity-to-asset ratio of 11.3 %, compared with 10.3 % for other U.S. banks. That difference of one full percentage point demonstrates that industrial banks have a 10 percent stronger capital advantage over peer institutions.

The National Association of Industrial Bankers applauds the Federal Deposit Insurance Corporation’s approval today of Edward Jones Bank to operate as a federally insured industrial bank.  

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).

The National Association of Industrial Bankers applauds the Senate Banking Committee for advancing the nomination of Travis Hill as Chairman of the Federal Deposit Insurance Corporation and urges swift confirmation by the full Senate.

Last week, the National Association of Industrial Bankers (NAIB) welcomed strong bipartisan support for industrial banks (IBs) from a group of United States Senators. They urged the FDIC to uphold the laws Congress has established to ensure fair treatment of IB applications.

Thrivent Bank is the sixteenth FDIC-insured industrial bank operating in Utah. Thrivent Bank is the first de novo industrial bank to open in the state since 2021. 

This week the National Association of Industrial Bankers and the Utah Association of Financial Services announced the speaker lineup and schedule for their upcoming annual convention. This year, the convention will focus on new developments in FinTech, financial innovation, evolving demographics, and management.

In a major victory that will help preserve access to credit for Colorado consumers who need it most, a federal judge has preliminarily enjoined a Colorado statute that would have imposed interest-rate and fee caps on loans made to Colorado residents by state-chartered banks located outside Colorado.

Today, Senator Sherrod Brown again introduced the ‘‘Close the Shadow Banking Loophole Act.’’ This legislation directly targets industrial loan companies (ILCs).

The National Association of Industrial Bankers (NAIB) strongly opposes the anti-consumer and anti-innovation “Close the Shadow Banking Loophole Act” introduced by Sen. Sherrod Brown (D-OH), Sen. Bob Casey (D-PA) and Sen. Chris Van Hollen (D-MD) and being promoted by the big bank trade association, the Bank Policy Institute (BPI).   

The National Association of Industrial Bankers (NAIB) has issued a letter and other materials in response to communications by various trade associations led by the Bank Policy Institute (BPI). In their emails and letters, these organizations made numerous allegations, without documentation, to develop support for H.R.5912 “Close the ILC Loophole Act” introduced by Representative Chuy Garcia (D-IL).

This week the US House Financial Services Committee Subcommittee on Consumer Protection and Financial Institutions conducted a hearing “The Future of Banking: How Consolidation, Nonbank Competition, and Technology are Reshaping the Banking System”.

Yesterday, the US House Financial Services Committee (HFSC) conducted a hearing “Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions.” Federal regulators offered verbal and written testimony regarding their views on various matters confronting financial institutions. FDIC Chairman Jelena McWilliams fielded several questions regarding industrial banks, which her agency supervises.