JOURNAL ARTICLE

Affirm Joins Companies Seeking US Bank Charters Under Trump.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Smith, Paige 3 of 3

Abstract

The article focuses on Affirm Holdings Inc.'s application for a limited bank charter to enhance its financial technology offerings for U.S. customers. The San Francisco-based company has submitted applications to the Nevada Financial Institutions Division and the Federal Deposit Insurance Corp. to establish a Nevada-chartered industrial loan company as a bank subsidiary. CEO Max Levchin stated that this move aims to strengthen Affirm's platform and expand its services for consumers and merchants. If approved, John Marion, with experience at JPMorgan Chase & Co. and MVB Financial Corp., would serve as president of the new bank subsidiary. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/01, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2026
  • Accession Number:191113935
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