A Bank By Any Other Name . . .
Christian A. Johnson
University of Utah College of Law
George G. Kaufman
Loyola University Chicago
Economic Perspectives, Vol. 31, No. 4, 2007
Banks are regulated by the government. However, because the generic term bank applies to a number of different types of financial institutions that provide different services, different types of regulation are required. This issue has attracted much attention in recent years as nonfinancial firms - including Wal-Mart - attempted to obtain a bank. This article traces changes in the definition of the term commercial bank for the purposes of regulation and discusses thee implications for one type of bank: industrial loan companies.
Number of Pages in PDF File: 13
Keywords: bank, industrial loan corporation, bank holding company
Date posted: November 11, 2007
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