FinTechs Are Shopping for Very Different Charters
The latest wave of bank charter activity is producing institutions that may share a federal regulator while bearing little resemblance to one another. Revolut wants a national bank that could take insured deposits, offer credit cards and make loans. Circle has received final approval for a national trust bank built aro
The latest wave of bank charter activity is producing institutions that may share a federal regulator while bearing little resemblance to one another. Revolut wants a national bank that could take insured deposits, offer credit cards and make loans. Circle has received final approval for a national trust bank built aro
This story was curated by Paysonas from PYMNTS.com as part of our daily payment-industry briefing. Read the original article for full details.