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But they are! They even have high interest savings account that are FDIC insured. See https://www.americanexpress.com/personalsavings/home.html https://www.amer
by rietta 7y ago
But they are! They even have high interest savings account that are FDIC insured. See https://www.americanexpress.com/personalsavings/home.html https://www.americanexpress.com/personalsavings/home.html
- cm2187 7y agoGranted, bad example. But my point is that you don't need a banking license to make a loan, except in certain jurisdictions for certain loans (mortgages).