PayPal files with Utah and the FDIC to launch PayPal Bank, an industrial loan company offering small business lending and ...

The payment giant is seeking approval to launch PayPal Bank, which would offer business loans, savings accounts, and FDIC insurance.

The move follows a broader push for financial deregulation under President Trump that has allowed digital asset companies to obtain preliminary banking charters.

If approved, PayPal Bank would offer business loans and savings accounts PayPal has applied to US regulators to establish an industrial bank in Utah as part of a move to more efficiently provide ...

PayPal has applied to create its own bank, filing with Utah regulators and the FDIC to establish PayPal Bank, an industrial loan company. The move ...

Earlier in December, PayPal applied to establish PayPal Bank, a Utah-chartered industrial loan company that would offer FDIC-insured savings accounts, expand small‑business lending, and reduce its ...

The company behind the PYUSD stablecoin said it wants to offer business lending and interest-bearing savings accounts.

PayPal Holdings, Inc. has officially submitted applications to the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial ...

Full disclosure: I own a small amount of PayPal stock, as well as many banking and fintech stocks. Forget Amazon, Facebook, Apple and Google. If PayPal decided to become a U.S. bank, it could be the ...

The online payment service Paypal enables small businesses to send electronic payments without a credit card and receive electronic payments without a merchant account. Because Paypal can connect to ...

PayPal is expanding into traditional banking through partnership with smaller banks to offer consumers debit cards connected to their PayPal accounts, along with direct deposit for paychecks and other ...