A disruptive vision: Varo is officially a bank
After a three-year saga, Varo Money finally has its bank charter. The Office of the Comptroller of the Currency, the ...
Tag: charters
Despite court lumps, OCC planning extended legal battle over fintech charters
Despite a recent legal challenge, the Office of the Comptroller of the Currency is continuing to push for the legalization ...
SMB lender OnDeck ‘actively pursuing’ bank charter
On the heels of digital banking startup Varo Money applying for a banking license with the Federal Deposit Insurance Corporation ...
Varo’s FDIC application tests uncharted territory
Varo Money has been striving to get a banking charter for three years. On Aug. 31, 2018, the digital-only challenger ...
Fifth Third Bank has applied for a national bank charter
Cincinnati-based Fifth Third Bank has applied for a national bank charter as it expands its suite of products and services. ...
Fintechs Face Difficult Regulatory Realities on Charters
WASHINGTON, D.C. — Fintechs are having trouble facing reality when it comes to obtaining bank charters, FDIC Chairman Jelena McWilliams ...
Neobank Aspiration Doesn’t Aspire to Offer Lending Products…Yet
There are no lending products in fintech Aspiration's near-term future thanks to the neobank's new status as a broker-depositor. "Part ...
Bank Innovation’s Top 5 Stories of 2018
It’s been an interesting year. Bitcoin is no longer enjoying the limelight, non-bank giants like Amazon, Walmart and Google have ...
Why the OCC’s Fintech Charter Makes Sense
Words like “disruption” and “democratization” are flung around casually by many tech entrepreneurs and venture capitalists in the mistaken belief ...
Varo Money Announces Preliminary Approval for OCC Charter
The digital banking service Varo Money announced last night it had received preliminary approval for a national banking charter from the ...
