Japanese Retail Giant Applies for Banking Charter
Rakuten, the largest e-commerce company in Japan, today filed an application for an industrial loan company charter in the state of Utah.
Browsing: ILCs
McWilliams: Capital, Profitability Key Focus with Prospective ILC Applicants
Issues of capital and profitability are key themes in the FDIC’s interactions with fintech companies seeking banking charters, FDIC Chairman Jelena McWilliams said today.
Nichols Emphasizes Competition, Innovation in Philly Fed Speech
With banks engaged in advanced technological innovation and fintech firms pursuing a wide variety of strategic paths, ABA President and CEO Rob Nichols today laid out his views on competition in the financial industry in a speech at a fintech conference hosted by the Federal Reserve Bank of Philadelphia.