PayPal Pursues Utah Industrial Bank Charter
Payments provider PayPal (NASDAQ:PYPL) is pursuing a Utah-chartered industrial loan company. The company has submitted its application to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation. An industrial bank charter is a state-issued license, primarily in Utah, allowing a financial institution… Read More
Read more in: Fintech | Tagged ilc, industrial bank charter, lc, payments, paypal