PayPal seeks bank charter
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: PayPal Holdings said Monday that it has applied with the Federal Deposit Insurance Corp. and the Utah Department of Financial Institutions to establish a Utah-chartered industrial loan company, according to a press release issued by the company. The digital payments pioneer said in the release that it’s seeking the charter so that it can expand fina ...