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.

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 ...

PayPal plans to launch PayPal Bank to provide small businesses with loans, savings accounts, and better financial tools.

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

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

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 establish a Utah-chartered bank, a move that would allow the firm to hold deposits and increase lending capacity to small businesses.

PayPal can be used like a bank in some ways, with tools for spending, saving and accessing cash — but it’s a fintech company, not a regulated bank. Some PayPal funds are FDIC-insured up to $250,000 ...