U.S. regulator issues final rule unveiling non-bank's path to deposit license approval

U.S. regulator issues final rule unveiling non-bank's path to deposit license approval

3 years ago
Anonymous $y15ULlV7sG

https://www.reuters.com/article/usa-fdic-nonbanks/u-s-regulator-issues-final-rule-unveiling-non-banks-path-to-deposit-license-approval-idUSKBN28P2AE

A federal banking regulator on Tuesday finalized new rules that should make it easier for non-bank companies to acquire a banking license, paving the way for a slew of technology companies to compete more effectively with traditional banks.