ICBA to FDIC: Deny Square’s Latest Application

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