The undersigned organizations, which together represent a broad cross-section of regulated banks, credit unions, and consumer protection organizations, wrote a letter in thanks for introducing the Close the Shadow Banking Loophole Act, and to express their support for this critical legislation which would close the industrial loan company (ILC) loophole in current law.
- Americans for Financial Reform
- Bank Policy Institute
- Center for Responsible Lending
- Consumer Federation of America
- Credit Union National Association
- Independent Community Bankers of America
- Mid-Size Bank Coalition of America
- National Association of Federally-Insured Credit Unions
- National Community Reinvestment Coalition
- National Consumer Law Center (on behalf of its low-income clients)
- U.S. PIRG