Tag: ILCs

Two firms—Thrivent Financial and Brex—have submitted applications in recent days to the Utah Department of Financial Institutions and the FDIC ...

The American Bankers Association wrote to the FDIC today expressing strong opposition to another attempt by Rakuten, a major Japanese ...

The FDIC today finalized a rule requiring certain conditions and commitments for deposit insurance applications from an industrial loan company ...

The FDIC should clearly set out the circumstances under which it would be required to disapprove a deposit insurance application or other industrial ...

The American Bankers Association joined the Bank Policy Institute and the Consumer Bankers Association today in expressing strong opposition to ...

The FDIC today issued a proposed rule to require certain conditions and commitments for each deposit insurance application approval by ...

A recent deposit insurance application by Rakuten—a major Japanese e-commerce company—for its U.S. bank subsidiary Rakuten Bank America could pose ...

The application by Rakuten—a major Japanese e-commerce company—for deposit insurance for its prospective U.S. bank subsidiary does not meet requirements ...

Rakuten, the largest e-commerce company in Japan, today filed an application for an industrial loan company charter in the state ...

Issues of capital and profitability are key themes in the FDIC’s interactions with fintech companies seeking banking charters, FDIC Chairman ...