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Posts: 152
In response to
"
If they don't have branches with very little over head I see how they could use that money to pay savers -- nm
"
by
Bacon
I found more info, it doesn't seem like a bank at all. They seem like a middle man for a bank. I am not fully sure about their business model yet. -- nm
Posted by
James Bond (aka Igor) (aka Igor)
Aug 23 '17, 21:03
(No message)
Responses:
Sounds like they're funding mortgages and such through their 'partner' banks.
-
Meg
Aug 23, 21:48
Okay, so as an investment that doesn't sound good, but FDIC means customers should be golden -- nm
-
Bacon
Aug 23, 21:17
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