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A comment on US proposes barring tech companies from offering financial services. Parent comment

Re:US proposes barring tech companies from offering financia... by runeks on Thursday July 25, 2019 @09:06AM (#20525009)
But they need a license, right?
[ Parent | on HN ]
Re:US proposes barring tech companies from offering financia... by dragonwriter on Thursday July 25, 2019 @09:17AM (#20525104)
PayPal is a money transmitter, which requires a different federal license than a state or federal banking license.
[ Parent | on HN ]