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Chicago fintech lender Avant has filed for a national bank charter with the OCC, seeking to eliminate third-party sponsor banks and access lower-cost deposit funding.
OpenReserve, a new fintech venture from MoneyLion alums, has received conditional approval for a national banking license from the OCC, signaling a significant step towards its 'continuous banking' model.
Global neobank Revolut has received a conditional national bank charter from the OCC for its US entity, marking a significant step toward independent operation and expanded financial services in the United States.
The Office of the Comptroller of the Currency's conditional bank charter approval for the Trump-linked crypto venture signals a dramatic shift in federal regulatory posture toward digital assets, opening a highly politicized pathway to federal banking rails.
The Office of the Comptroller of the Currency denied Bunq's application for a U.S. bank charter, citing concerns over capitalization, management experience, and unrealistic profit projections. This marks a significant setback for the Dutch fintech's expansion ambitions.
Stablecoin issuer Dakota has applied for an OCC trust banking charter, signaling a strategic move towards direct federal regulation and institutional legitimacy within the US financial system.