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Tag: banking licence


Regulations

Robinhood calls Massachusetts regulator “elitist” for trying to revoke its licence

April 19, 2021

Via: Banking Technology

In a blog post regarding the filing, Robinhood called the Massachusetts Securities Division – a state regulator designed to protect US investors – “elitist” and harbouring “an old way of thinking”. The ongoing feud between Robinhood and the Commonwealth traces […]


Regulations

US corporate card provider Brex applies for banking licence in Utah

February 24, 2021

Via: FinTech Futures

The San Francisco fintech is hoping to obtain an Industrial Loan Company (ILC) licence from the Federal Deposit Insurance Corporation (FDIC). This is the same licence US digital payments firm Square landed just shy of a year ago. Square had […]


Regulations

US fintech community dealt blow by federal court as charter is denied

October 23, 2019

Via: Banking Technology

The OCC’s charter, which aimed to give fintechs an alternative route to a banking licence without having to go through the state, was denied by the courts as the judge sided with the plaintiff and the superintendent of the New […]


Regulations

Revolut gets European banking licence

December 13, 2018

Via: Banking Technology

Following on from the recent licences in Singapore and Japan, challenger Revolut has got its European banking licence. The “specialised” bank licence was facilitated by the Bank of Lithuania. This type of licence was introduced by the Bank of Lithuania […]