PayPal applies for Utah industrial loan company charter
PayPal Holdings issued Bank charter application affecting Federal Deposit Insurance Corp., Utah Department of Financial Institutions on December 15, 2025.
- Primary
- PayPal Holdings
- Counterparty
- Federal Deposit Insurance Corp., Utah Department of Financial Institutions
- Structure
- Bank charter application
- Date
- December 15, 2025
- Sub-sector
- BaaS
PayPal seeks regulatory approval to establish PayPal Bank, eliminating third-party dependencies in lending and enabling direct card network access for small business financial services.
Source: finance.yahoo.com