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Banks, Credit Unions and Consumer Groups Support 'Close the Shadow Banking Loophole Act'
January 29, 2026
WASHINGTON, Jan. 29 [Category: Financial Services] -- The Bank Policy Institute issued the following news release:

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Banks, Credit Unions and Consumer Groups Support 'Close the Shadow Banking Loophole Act'

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A coalition of leading banks, credit unions and consumer organizations today endorsed legislation to close the industrial loan company loophole. This loophole undermines the separation of banking and commerce by allowing comme . . .

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