Department Accepts MALPB Charter Application from Credorax Bank North America, MALPB

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Mon, 09/29/2014 - 4:30pm to Wed, 10/29/2014 - 5:00pm

On September 29, 2014, the Department accepted the merchant acquirer limited purpose bank (“MALPB”) charter application from Credorax Bank North America, MALPB (“Credorax”).  Pursuant to Department Rule 80-12-2-.07, the Department will receive public comments on Credorax’s charter application through October 29, 2014.  The public portion of Credorax’s application is available from the Department upon request directed to Murali Ramachandran, Corporate Manager, at or (770) 986-1645.