(BUSINESS WIRE)-- Block, Inc. (NYSE: XYZ) today announced that it has submitted an application to the Office of the Comptroller of the Currency (“OCC”) to establish Builders Bank & Trust, N.A. (“Builders Bank”), an uninsured national trust bank.

If approved, Builders Bank would operate as a federally regulated national trust bank under OCC supervision and would provide custody and related fiduciary services, including for bitcoin and stablecoins. The charter would allow Block to support these activities through a consistent national framework as the business scales. Builders Bank would be an uninsured, non-deposit-taking national trust bank and would not accept deposits or make loans. The proposed charter would establish a federal supervisory framework for certain custody and related activities currently offered by Block.

“Building on Block’s experience in the digital asset space, our history with Square Financial Services, and the deep banking expertise of the team we’ve assembled, we believe Builders…

SEPTEMBER PARTNER PUSH

Belltower Funding is looking to bring on a few more active ISOs this September.

If you’re consistently working 2nd–5th position paper and need another direct funding option in your rotation, let’s connect.

Why ISOs are adding Belltower:

• EPOs on every deal

#MerchantCashAdvance #MCA #Painter #SmallBusinessFunding #FunderLife

As of September 1, providers AND brokers of sales-based financing must register with the OCCC through NMLS; the deadline is December 31, 2026, if you’re already doing business in the state. New entrants register before the first deal.

$1,120 to file. A Texas registered agent, every 10%+ owner named, a certificate of good standing, and a Business Operations Plan. Brokers: your BOP has to list every funder you place with.

https://mortgage.nationwidelicensingsystem.org/knowledge/Products/nmls/stateresourcecenter/SitePages/Checklist-Compiler.aspx

According to the suit, as reported by Law360, Cashera and Funders App, an MCA underwriting and syndication platform, provided funding in April and May of this year, ostensibly for the benefit of Island Lake Camp in Pennsylvania, with the brothers guaranteeing the obligations and scores of their camp and real estate entities listed as additional guarantors. The funders allege the brothers were insolvent when they took the money and never intended to repay it.

Their sharpest fact: two days after the May financing closed, SIMAD's general counsel signed a retainer agreement with bankruptcy counsel.

In the funders' telling, that timing makes it impossible to believe the brothers didn't know the filings were coming. The camps, both brothers, SIMAD, and the real estate entity DAMIS all filed Chapter 11 on June 4, roughly a month later.

Suing inside the individual bankruptcy cases, rather than simply filing a claim and waiting, is…

#MerchantCashAdvance #MCA #Childcare #SmallBusinessFunding #FunderLife

Come meet top professionals from our sponsors and all of the business financing industry in two weeks from today.

TICKETS

Porter's Five Forces analysis of alternative business lending looks very different in 2026 than it did three years ago: capital suppliers now compete to fund quality funders, embedded platforms compete at zero acquisition cost, and the predicted consolidation arrived on schedule. The result is described below.

www.funderintel.com

An updated Porter's Five Forces analysis of alternative business lending, capital supplier power collapsed, embedded platforms rising, and MCA under pressure.

If you are a sales-based financing provider or broker that will conduct transactions in the state of Texas, the OCCC will have the registration portal on the NMLS starting September 1, 2026.

The deadline to register will be December 31, 2026.

There will be a $1,000 fee for the initial registration and annual renewal.

Here's the NMLS link to use after Sept 1.

Any questions, drop them below.