Daily Regulatory Briefing - Jul 7, 2026
Morgan here.This is Lex Reg Pulse Daily for Tuesday, July 7, 2026.The story today is the perimeter of the regulated banking system moving inward.Klarna filed July 6 for an industrial loan company charter — applications to both the Utah Department of Financial Institutions and the FDIC — seeking deposit insurance and a funded balance sheet to compete directly in US consumer lending.The same week, the Supreme Court reshaped who controls the agencies that would approve that application.Klarna's ILC bid is the lead.The buy-now-pay-later platform carries tens of millions of US users into this…
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