Home Capital aims to become a bank

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After announcing that it has seen an increase of 28 per cent in its mortgage business in the past year partly due to not being restricted by tighter regulations that banks do, it may be a surprise that Home Capital has applied to become one. If the Schedule I bank licence is granted by the Minister of Finance it would allow Home Capital to expand its home loan business and also offer a range of new and upgraded services. Read the full story.

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