> If they buy up the bank charter, doesn't that mean the whole company then becomes regulated like a bank charter? Wouldn't it make more sense to just continue

> If they buy up the bank charter, doesn't that mean the whole company then becomes regulated like a bank charter? Wouldn't it make more sense to just continue using their services? It likely would remain its own entity, similar to how banking and credit services are provided by different subsidiaries at places like Capital One.