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 ...
Tag: charters
OCC Moves Ahead with Long-Planned and Much-Discussed Fintech Charter
It’s good news for fintechs in lending and payments that want a federal banking license, the Office of Comptroller of ...
Why the OCC’s Fintech Charter Makes Sense [Page 2]
Second, it would provide helpful and necessary regulatory scrutiny. The creation of national standards and safeguards – at the heart ...
Is the Bank of Amazon Coming? OCC Head Floats Merger Between Commerce and Banking
It might be time to take another look at the regulations that keep banking companies separate from other commercial activity, ...
SoFi Withdraws Banking License Amid CEO Resignation
After a tumultuous few weeks, online student lender Social Finance, or SoFi as it is better known, is withdrawing its ...
SoFi’s Bank Charter Has Almost No Chance, Former SEC Chairman Says
SoFi’s hopes of becoming a bank have most likely been crushed after the departure of former CEO Mike Cagney, Securities ...
Square to Create Industrial Bank, Square Financial Services Inc
Mobile payments processor Square is filing an application to create an industrial loan company with the Federal Insurance Corporation. The ...
Will an OCC, FDIC Charter Help Varo Money Become the First National Mobile Bank?
Want a national bank that’s mobile-only? So does Varo Money. Varo applied for a banking charter from the Federal Deposit ...
Here’s How Many People Will Work at SoFi Bank
It's not everyday that a fintech applies for a bank charter, so when SoFi did just that it caught our ...
Want to Partner With Early-Stage Fintechs? OCC Is Watching
As if the life wasn’t hard enough for fintech startups. The Office of the Comptroller of the Currency published an ...
