Banking Charter

Rakuten Applying For US Banking Charter
Rakuten Applying For US Banking Charter
July 26, 2019  |  Banking

A Japanese FinTech company is applying for a banking charter in the United States, according to a report by American Banker. The eCommerce firm Rakuten...

READ MORE >
NY Lawsuit Against FinTech Banking Licenses Can Proceed
NY Lawsuit Against FinTech Banking Licenses Can Proceed
May 03, 2019  |  Bank Regulation

Regulators from New York got the nod from a judge to move forward with their lawsuit aimed at stopping FinTechs from offering banking services on...

READ MORE >
Grasshopper Gearing Up To Launch Challenger Bank In New York
Grasshopper Gearing Up To Launch Challenger Bank In New York
August 09, 2018  |  Banking

Grasshopper, a new bank challenger in New York, is gearing up to go after the banking industry, reported FinTech Futures. According to the report, the...

READ MORE >
AI, Security And Loosened Rules: How The US Wants To Boost FinTech
AI, Security And Loosened Rules: How The US Wants To Boost FinTech
July 31, 2018  |  Bank Regulation

Loosening federal regulations, enacting national data breach protections and drafting “model laws” at the state level to reduce overlapping red tape, could help promote FinTech...

READ MORE >
Maxine Waters Says Regulators Should Consider Shutting Down Wells Fargo
Maxine Waters Says Regulators Should Consider Shutting Down Wells Fargo
October 03, 2017  |  Bank Regulation

Maxine Waters, the top Democrat on the House Financial Services Committee, issued a report last week suggesting that regulators might want to consider shutting down...

READ MORE >
Varo Money Applies For Charter To Become A Mobile-Only Regulated Bank
Varo Money Applies For Charter To Become A Mobile-Only Regulated Bank
July 25, 2017  |  Bank Regulation

Varo Money, the digital banking fintech that has investment backing from Warburg Pincus, filed for a national banking charter and deposit insurance, putting the Trump...

READ MORE >
SoFi Officially Files For A Bank Charter Of Its Own
SoFi Officially Files For A Bank Charter Of Its Own
June 13, 2017  |  Banking

They said they were going to do it — and now it seems they’ve done it. Just about a month ago, SoFi CEO Michael Cagney...

READ MORE >