Number: RL32767 Title: Industrial Loan Companies/Banks and the Separation of Banking and Commerce: Legislative and Regulatory Perspectives Authors: N. Eric Weiss, Government and Finance Division Abstract: This report analyzes the controversy by (1) providing an historical overview of the separation of banking and commerce; (2) examining the nature of ILCs and their regulation; and (3) identifying and analyzing the relevant legislation in Congress. Pages: 13 Date: February 11, 2008