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.

Last night, the Senate voted 60-40 to take up a package that would reopen the federal government and fund parts of the government for FY26. Included in the package are three of the 12 annual appropriations bills, including Military Construction and Veteran Affairs, Agriculture, and the Legislative Branch.

The federal government has entered the second month of FY 2026 without a passing any appropriations bills so the government remains closed for the most part. If the shutdown continues until Wednesday, which it most certainly will, we will break the record for the longest federal government shutdown.

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.

Tomorrow night's new moon should provide a dark sky for viewing two comets, Lemmon and SWAN, which will be closest to the earth in our lifetimes. Commet Lemmon will not make its way around to earth for another 1300 years and Comet SWAN for another 700 years.

Tonight is the Harvest Moon and the first of three Super Moons this year. It is the Harvest moon because it is the full moon closest to the autumnal equinox. 

With the end of FY 2025 looming on Tuesday at midnight, all indications are that Congress will fail to pass a Continuing Resolution (CR) to keep the government funding into FY 2026. 

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.