The Federal Deposit Insurance Corporation (FDIC) Board is considering a request for information (RFI) to gather stakeholder feedback on industrial loan companies (ILCs) and inform the agency’s approach to reviewing ILC applications. The proposed RFI is intended to elicit information relevant to how the FDIC evaluates the applicable statutory factors for ILC filings. The RFI is framed as a wide-ranging exercise in light of continuing interest in the ILC charter by a diverse set of institutions. Acting Chairman Travis Hill indicated that the FDIC’s longer-term objective is to develop a policy statement or similar issuance clarifying how the agency interprets the relevant statutory factors in the context of ILC applications, while continuing work on pending ILC applications already filed with the agency.

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