Story thread · 3 reports / 2 sources

OCC Makes US Bank Readiness the Price of a FinTech Charter

pymnts.com · 1dShare

A national bank charter promises FinTechs a more direct route into U.S. financial services. But the Office of the Comptroller of the Currency (OCC) is making clear that getting one requires more than transplanting an existing technology or overseas banking model into a federally regulated bank. Two recent rejection letters make that point. As reported […] The post OCC Makes US Bank Readiness the Price of a FinTech Charter appeared first on PYMNTS.com .

First report: OCC Said No to Bunq US Banking License Bid — pymnts.com, 1d