U.S. bank regulator approves banking charters for Square Inc and Nelnet Inc
WASHINGTON, March 18 (Reuters) - 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.
U.S. bank regulator approves banking charters for Square Inc and Nelnet Inc
WASHINGTON, March 18 (Reuters) - 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.