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ICBA To FDIC: Deny Square’s Latest Application

ICBA to FDIC: Deny Square’s Latest Application

Jan. 22, 2019

ICBA called on the FDIC to deny Square Financial Services Inc.’s recently refiled deposit-insurance application. In a letter on the application, which was filed Dec. 19 after Square withdrew its original ICBA-opposed bid, ICBA also repeated its call for the FDIC to impose a moratorium on ILC deposit-insurance applications and for Congress to permanently close the ILC loophole.

Read ICBA Comment Letter

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