banking charter

Dec 16, 2025

PayPal applies to form its own bank to expand small-business lending

PayPal is seeking a banking charter that would allow it to boost its lending business, offer savings accounts that can earn interest and make customers’ deposits eligible for federal insurance coverage, the payments company said Monday. PayPal has submitted applications to authorities in Utah and to the Federal Deposit Insurance Corporation to set up PayPal Bank, […]

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banking charter

PayPal applies to form its own bank to expand small-business lending

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