Tagged: bank charter

August 12, 2026 @ 3:28 pm By JD Alois  |  

This past week, it was reported that Netherlands-based digital bank bunq had been denied a US charter by the Office of the Comptroller of the Currency. The response sent to bunq’s legal representation in the US was uncharacteristically harsh and critical of the Fintech’s attempt… Read More

April 8, 2026 @ 1:34 pm By Omar Faridi  |  

Lorum, a correspondent institution that is currently serving financial institutions operating in the United States, has reportedly submitted an application for a US national bank charter. This is said to he part of a move that the company says will pave the way forward for… Read More

December 20, 2025 @ 11:02 am By Omar Faridi  |  

Mercury announced they have submitted an application to the Office of the Comptroller of the Currency (OCC) for a national bank charter and applied for federal deposit insurance with the Federal Deposit Insurance Corporation (FDIC). The applications mark a milestone in their evolution and a… Read More

October 26, 2025 @ 7:46 pm By Omar Faridi  |  

Crypto.com announced that it has filed a National Trust Bank Charter application with the Office of the Comptroller of the Currency (OCC). This application is the most recent step by Crypto.com in extending its commitment as the industry participant focused on ensuring regulatory compliance and… Read More

October 6, 2025 @ 8:22 am By Omar Faridi  |  

UK’s digital bank Monzo appears to be gearing up for a push into the US market by considering a fresh bid for a U.S. banking charter. This comes years after the Fintech company shelved a prior attempt in 2021, when regulators seemingly signaled low chances… Read More

July 15, 2025 @ 11:11 am By Omar Faridi  |  

Circle Internet Financial (NYSE:CRCL), the issuer of the world’s second-largest stablecoin, USDC, is making moves to redefine its role in the global financial ecosystem. With a market cap of over $63 billion and a recent blockbuster IPO, Circle is focused on becoming the leading stablecoins… Read More

August 9, 2021 @ 5:00 pm By JD Alois  |  

Stablecoin creator and payments rails operator Circle says it intends on becoming “a full-reserve national commercial bank.” In a blog post, Circle founder and CEO Jeremy Allaire expanded on their mission to become a federally chartered bank. Allaire stated: “We are embarking on this journey alongside the… Read More

March 22, 2021 @ 10:33 am By JD Alois  |  

Digital bank Revolut has submitted its application to receive a national bank charter, according to a note from the company. Having launched in the US about one year ago, currently, Revolut offers banking services in partnership with Metropolitan Commercial Bank. Partnering with a chartered bank… Read More

October 19, 2020 @ 3:40 pm By JD Alois  |  

The United States has one of the most fragmented regulatory environments for financial services in the world. Frequently, a financial service provider will need to adhere to both state and federal rules along with an alphabet soup list of regulators. While the current leadership of… Read More

July 9, 2020 @ 4:22 pm By JD Alois  |  

SoFi, one of the most successful Fintechs in the US, has filed for a national bank charter with the Office of the Comptroller of the Currency, according to a report. Launched as a student loan financing platform, over time SoFi has been adding a broader… Read More