A Bank By Any Other Name . . .

13 Pages Posted: 11 Nov 2007  

Christian A. Johnson

Widener University - Commonwealth Law School

George G. Kaufman

Loyola University Chicago

Abstract

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.

Keywords: bank, industrial loan corporation, bank holding company

Suggested Citation

Johnson, Christian A. and Kaufman, George G., A Bank By Any Other Name . . .. Economic Perspectives, Vol. 31, No. 4, 2007. Available at SSRN: https://ssrn.com/abstract=1028754

Christian A. Johnson (Contact Author)

Widener University - Commonwealth Law School ( email )

3800 Vartan Way
Harrisburg, PA 17110-9380
United States
717.541.3902 (Phone)

George G. Kaufman

Loyola University Chicago ( email )

820 North Michigan Avenue
School of Business
Chicago, IL 60611
United States
312-915-7075 (Phone)
312-915-8508 (Fax)

HOME PAGE: http://www.luc.edu/faculty/gkaufma/

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