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September 7, 2017 05:24 am GMT
There’s been a lot of questions about whether or not Square aspires to become a bank. Now that speculation can be laid to rest. Square will file an application to become an industrial loan company (also referred to as industrial banks) with the Federal Deposit Insurance Corporation. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ZNnMh_Y0Fbw/
Square will apply for an industrial loan company license this week
There’s been a lot of questions about whether or not Square aspires to become a bank. Now that speculation can be laid to rest. Square will file an application to become an industrial loan company (also referred to as industrial banks) with the Federal Deposit Insurance Corporation. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/ZNnMh_Y0Fbw/
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