Ilc news and trends

FDIC Approves Square For Banking License
Banking // March 19, 2020

The Federal Deposit Insurance Corporation (FDIC) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank in Utah, the agency said on Wednesday (March 18). Get the Full Story Complete the form to unlock this article...

Rakuten Applying For US Banking Charter
Banking // July 26, 2019

A Japanese FinTech company is applying for a banking charter in the United States, according to a report by American Banker. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking Trade Group Doesn’t Want Square To Be A Bank
Bank Regulation // October 11, 2017

The Independent Community Bankers of America (ICBA), the trade group for community banks, is calling on the Federal Deposit Insurance Corporation (FDIC) to deny a federal deposit insurance application by payment terminal company Square. Get the Full Story Complete the form to unlock this article...

Quick Reads
FDIC Approves Square For Banking License

March 19, 2020
The Federal Deposit Insurance Corporation (FDIC) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank in Utah, the agency said on Wednesday (March 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — […]

Rakuten Applying For US Banking Charter

July 26, 2019
A Japanese FinTech company is applying for a banking charter in the United States, according to a report by American Banker. Get the Full Story Complete the form to unlock...

Banking Trade Group Doesn’t Want Square To Be A Bank

October 11, 2017
The Independent Community Bankers of America (ICBA), the trade group for community banks, is calling on the Federal Deposit Insurance Corporation (FDIC) to deny a federal deposit insurance application by...