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.  

It is a fairly quiet week legislatively, as the State of the Union slows activity on the House floor due to added security measures.

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 focus this week continues to be on DHS funding.  Last week, Congress passed appropriations bills for all other agencies, with an agreement to work on an agreement on changes to ICE procedures. That deadline expires on Friday, so we expect a good amount of back-and-forth this week. 

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

We are looking forward to the Winter Olympics, beginning this Friday, February 6th. If you are looking for a thrill, tune in to the biathlon—any event, really, but the relay is particularly exciting.

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 House Financial Services Committee will hold its first markup of 2026 this Thursday, with measures related financial reporting, artificial intelligence, bank tailoring, and terrorism risk insurance reauthorization.

We are returning after the holiday break and first week of session for both chambers. Last week, the House advanced a partial funding package that will be considered in the Senate. 

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 US Senate will take up the confirmation of 97 nominees under the new Senate rule that permits considering nominees together rather than individually. Included in this group will be Travis Hill to be Chairman of the Federal Deposit Insurance Corporation and Michael Selig to be the Chairman of the Commodity Futures Trading Commission.

Due to the angle of the sun in relation to the Earth, it is colder in December than in March when the spring equinox occurs. Regardless, it looks and feels like winter here in the nation’s capital.

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.

The government is reopened and the House and Senate are back to work, at least until Thursday. The House and Senate are in recess next week for Thanksgiving and return on December 2. 

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.