WASHINGTON — The Independent Community Bankers of America is formally opposing a bank charter application by the payments processor Square, accusing it of trying to “avoid” certain “legal prohibitions ...

WASHINGTON — The payments processor Square confirmed Thursday that it has withdrawn its application to open a depository bank, although it plans to refile with a top regulator at a later date.

NEW YORK, Dec 19 (Reuters) - Square Inc, the payments company led by Twitter Inc chief executive Jack Dorsey, is refiling its application with U.S. state and federal regulators for a bank license, the ...

There has been growing chatter that Square (NYSE: SQ) may soon receive approval regarding their application to become an Industrial Loan Company (ILC) which is similar to a bank. The change of ...