An Internet-based consumer finance company has asked the Office of Thrift Supervision for permission to become a thrift holding company.

San Francisco-based Internet Access Financial Corp. would be the fourth thrift company to offer its products exclusively on-line. The OTS most recently gave Principal Mutual Insurance Co. permission to create an Internet-only savings bank in November.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.