FDIC to meet Wednesday on freeze on retailer-owned banks


WASHINGTON, Jan 25 (Reuters) - The Federal Deposit Insurance Corp. said on Thursday it will meet next week to decide whether to extend a six-month freeze on applications by big retailers such as Wal-Mart Stores Inc. to own a type of bank known as an industrial loan company (ILC). The FDIC will meet Wednesday, the last day of the moratorium, to discuss a request by U.S. House lawmakers to continue the freeze until Congress can impose a clear barrier between retailers and bankers. If the ...

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