Rakuten files third application for FDIC insurance
CFPB Monitor
JANUARY 25, 2021
Per the Utah Department of Financial Institutions website, Rakuten Bank America’s application for a Utah ILC charter was received on July 26, 2019 and remains pending. . Rakuten’s first FDIC deposit insurance application was filed in July 2019, and was withdrawn in March 2020. based bank, Rakuten Bank America.
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