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American Banker: Consumer Groups Urge FDIC To Reject Ford’s ILC Application

American Banker, August 30, 2022, Consumer Groups Urge FDIC To Reject Ford’s ILC Application

The National Community Reinvestment Coalition, the National Consumer Law Center, Americans for Financial Reform Education Fund and the Center for Responsible Lending said in a letter to the FDIC that allowing Ford to own a bank would open the door for other companies outside of the financial system to mix commerce and banking.

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