Earlier in December, PayPal applied to establish PayPal Bank, a Utah-chartered industrial loan company that would offer FDIC-insured savings accounts, expand small‑business lending, and reduce its ...

Small businesses have always faced the same brutal truth: banks don't want to lend to them. They're too risky, the loan amounts are too small, and the paperwork is too expensive relative to the ...

PayPal announced this week that it submitted regulatory applications to create PayPal Bank, a new industrial loan company to support small businesses. The company said Monday that it filed documents ...

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 ...

PayPal is quickly moving beyond payments and now looking to directly get into banking in the US. (Photo Illustration by Thomas Trutschel/Photothek via Getty Images) When PayPal announced in ...

PayPal is seeking a banking charter that would allow it to boost its lending business, offer savings accounts that can earn interest and make customers’ deposits eligible for federal insurance ...

Apps have changed the way people shop, connect and even work. Some apps even change the way people bank. One of the leading options, PayPal, has 429 million users in America — according to Zippia — ...

Simply sign up to the US banks myFT Digest -- delivered directly to your inbox. PayPal has applied to become a bank in the US, the latest fintech seeking to capitalise on the Trump administration’s ...