What do Ford, GM and Rakuten have in Common?
Last month, Ford Credit Bank, Salt Lake City, UT submitted an application for deposit insurance to the FDIC with the intention of opening a new Industrial Loan Company (ILC) in Utah. This is not the first time Ford has sought…
Rough Road for Farmers & Their Banks
Covid notwithstanding, the last 18 months seem to have been particularly challenging for our nation’s farmers and ranchers. In that year and a half, the Office of the Comptroller of the Currency (OCC) has issued six different proclamations allowing banks…
What You Need to Know About Crypto
The following was released by the Federal Deposit Insurance Corporation (FDIC) on Friday, July 29, 2022. BauerFinancial felt it was important enough to repeat in its entirety: For Release WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today published the Fact Sheet:…