FDIC

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, […]

Nov 20, 2025

FDIC files counterclaim against Capital One in special assessment case

This week the Federal Deposit Insurance Corp. filed a counterclaim against McLean-based bank Capital One, National Association, which is suing the FDIC for its 2023 special assessment of $474 million against the bank.

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FDIC

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

FDIC files counterclaim against Capital One in special assessment case

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