Small businesses have always faced the same brutal truth: banks don't want to lend to them. They're too risky, the loan amounts are too small, and the paperwork is too expensive relative to the ...

PayPal is quickly moving beyond payments and now looking to directly get into banking in the US. (Photo Illustration by Thomas Trutschel/Photothek via Getty Images) When PayPal announced in ...

PayPal is seeking a banking charter that would allow it to boost its lending business, offer savings accounts that can earn interest and make customers’ deposits eligible for federal insurance ...

PayPal has applied to become a U.S. bank, submitting the required applications to federal and state regulators on Monday to become a Utah-chartered industrial loan company (ILC). The company based the ...