Block bets on lending expansion after stock slump
Block is expanding its lending efforts, announcing this week that it received FDIC approval to issue loans through its banking subsidiary.
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Block Stock Soars 6% On FDIC Nod For SFS’ Consumer Loan Product Ignoring Citi’s Price Target Cut — Retail Remains Neutral
Shares of financial services company Block Inc (XYZ) soared over 6% on Friday after the Federal Deposit Insurance Corporation ...
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Block Gets the FDIC’s OK To Take Consumer Cash App Borrow Loans In-house
Cash App Borrow has a “historic loss rate” of less than 3%, according to Block. Customer eligibility and borrowing limits are ...
Daily Digest: Tow truck operator allegedly burns down competition; Cash App's latest FDIC win
Gold prices hit $3,000 as stocks rebound after tough week. Meanwhile in the Bay Area, a Block subsidiary gets FDIC approval ...
Square Financial Services gets FDIC approval for consumer loan product
Block, Inc. (NYSE: XYZ) announced its industrial bank, Square Financial Services, Inc. (SFS), has received approval from the Federal Deposit Insurance Corporation (FDIC) to begin offering the consumer ...