U.S. bank regulator approves banking charters for Square Inc and Nelnet Inc
The U.S. Federal Deposit
Insurance Corporation on Wednesday approved separate
applications by payment company Square Inc and student loan
servicer Nelnet Inc to become banks under a special charter, the
first time the agency has granted such licenses in over a
decade.
Insurance Corporation on Wednesday approved separate
applications by payment company Square Inc and student loan
servicer Nelnet Inc to become banks under a special charter, the
first time the agency has granted such licenses in over a
decade.
Posted by Reuters
