In my role as a Director Emeritus at Mercator Advisory Group, I get the opportunity to dive into the dynamics of the market from time-to-time and in this case, I take an in-depth look at the Industrial Loan Company or ILC. These are special purpose banks that came out of the need to provide standardized, regulated credit to employees back in the day.
I take a look at the lending dynamics in the market, in particular the proliferation of P2P platforms and examine the conditions that might signal a new examination of the value of these kinds of bank charters.
Thanks to my colleagues at Mercator Advisory Group – as always, great working with you!
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