PayPal $PYPL officially applies to become a bank.
17 Dec 2025 1 minute read 0 comments DanMalam $0.17
They just filed for an Industrial Loan Company (ILC) charter. If approved, this changes the game: 🔹 Cheaper Capital: They can hold deposits directly (low-cost funding) instead of relying on expensive partner banks. 🔹 Fat Margins: By lending directl...