#bank-charter

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#fintech #fintech-rebranding #digital-banking #lendingclub #business-evolution #open-banking
fromTearsheet
5 days ago

LendingClub rebrands to Happen Bank as its identity catches up to its model - Tearsheet

This is really about the brand catching up with the business. When the company obtained its bank charter in 2021 via the acquisition of Radius Bank, it was still largely perceived as a marketplace lender. Over the next few years, it built out a full-stack digital banking experience: checking, savings, CDs - all integrated with its core lending engine.
Miscellaneous
US politics
fromTearsheet
2 months ago

Affirm's move to become a bank signals a reconfiguration for the BaaS industry and beyond - Tearsheet

Fintech firms are increasingly pursuing U.S. bank charters, with applications surging under current administration and firms eyeing expanded services and regulatory advantages.
Business
fromEngadget
4 months ago

PayPal applies to become a bank under Trump's looser financial rules

PayPal has applied to form PayPal Bank in the U.S., submitting applications to the FDIC and Utah regulators to offer loans and interest-bearing savings.
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