Ford Credit Bank, GM Financial Bank applications approved by FDIC

FDIC approves Ford Credit Bank and GM Financial Bank deposit insurance for Utah industrial banks funding auto loans via ...
GM Authority

FDIC Approves GM Financial Bank Application

The Federal Deposit Insurance Corporation has approved a deposit insurance application submitted by GM to establish the new GM Financial Bank subsidiary.
Banking Dive

FDIC conditionally approves Ford, GM ILC charters

Both automakers must stand up their respective banks within 12 months. After that, they must maintain a minimum 15% tier 1 ...
Fast Lane Only on MSN

FDIC opens door for Ford and GM to launch their own industrial banks

The Federal Deposit Insurance Corporation has given Ford and General Motors something they have chased for years: permission ...
American Banker

General Motors' GM Financial resubmits ILC application

Pickup trucks on display at the General Motors booth during the 2025 Detroit Auto Show. General Motors Financial, a Utah-chartered industrial loan company owned by the Detroit automaker, has ...