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Walter E. Zalenski quoted in American Banker article, “Congress's inaction on ILCs, fintech charters worries bankers”

American Banker

Walter E. Zalenski was quoted in the American Banker article, “Congress's inaction on ILCs, fintech charters worries bankers,” which noted that members of Congress are now beginning to scrutinize fintech charters and industrial loan company charters as one and the same, which could make a legislative response to regulate new entrants into the industry hard to achieve. Zalenski said, “It's gotten hard, if not impossible, to drill down on any one of these issues without essentially looking at the entire scheme of bank regulation holistically.”

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