Fintech One•On•One cover image

Michele Alt, Co-Founder of Klaros Group, on the new era for fintechs and bank charters

Fintech One•On•One

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Understanding Industrial Loan Companies

This chapter explores the concept of Industrial Loan Companies (ILCs) and their advantages over traditional bank charters, particularly for fintech firms. It highlights the unique environment in Utah for ILCs and discusses potential regulatory challenges as interest in these charters grows.

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