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Stock impact report

SmartBiz Is First Fintech to Become Bank Under Donald Trump [Yahoo! Finance]

LendingClub Corporation (LC) 
Last lendingclub corporation earnings: 2/18 04:06 pm Check Earnings Report
US:NYSE Investor Relations: ir.lendingclub.com
Company Research Source: Yahoo! Finance
office in January, a regulatory signal that other fintechs could also get the green light to cement their footholds in the financial-services industry. Most Read from Bloomberg ICE Eyes Massive California Tent Facility Amid Space Constraints How Britain's Most Bike-Friendly New Town Got Built The Dark Prophet of Car-Clogged Cities Washington, DC, Region Braces for ‘Devastating' Cuts from Congress Saving the Signature Sound of Washington, DC The Office of the Comptroller of the Currency and the Federal Reserve Bank of Chicago approved SmartBiz's acquisition of Northbrook, Illinois-based Centrust Bank NA, SmartBiz said in a statement Monday. It's the first time a fintech company has become a bank since 2021, during Trump's first term as president. It's been rare for a fintech to win regulatory approval to become a bank, with none receiving approval under President Joe Biden and only a few successfully obtaining charters before that. LendingClub Corp. and SoFi Technologie Show less Read more
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