That would make them more bank-like, with more regulatory oversight. They don't want that, and really neither do you. The Paypal chimera doesn't need any more DNA, it's bad enough as it is.
The US should force its banks to implement better EFT with consumer-initiated direct-deposit and direct-debit, marginalizing the whole Credit Card / PayPal ecosystem.
The US should force its banks to implement better EFT with consumer-initiated direct-deposit and direct-debit, marginalizing the whole Credit Card / PayPal ecosystem.