Canada Gazette

tags: Canada gazette, deposit taking institution

• “regulated deposit-taking institution” means an entity that is supervised or regulated by a Canadian or foreign financial services or banking regulator and is authorized to accept deposits from the public. (institution de dépôt réglementée)

NYSBD Staff Interpretations

2002 memo in connection with an assertion that Paypal were illegally conducting banking activity. Result was no action taken.

tags: nysbd, paypal

• certain of PayPal’s services constituted illegal banking activity and that those services should not be provided to New York customers