U.S. regulator rejects Bunq application for national bank charter
Office of the Comptroller of the Currency has rejected Dutch fintech Bunq’s application for a national bank charter, Reuters reported on Friday, marking a setback to the company’s planned expansion into the American banking market. The OCC said in a letter dated August 4 that the denial was based on “significant supervisory and compliance concerns” identified during its review.
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Office of the Comptroller of the Currency has rejected Dutch fintech Bunq’s application for a national bank charter, Reuters reported on Friday, marking a setback to the company’s planned expansion into the American banking market. The OCC said in a letter dated August 4 that the denial was based on “significant supervisory and compliance concerns” identified during its review. According to the regulator, Bunq’s application did not clearly explain how its proposed U.S. banking business would be capitalized.
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- Office of the Comptroller of the Currency has rejected Dutch fintech Bunq’s application for a national bank charter, Reuters reported on Friday, marking a setback to the company’s planned expansion into the American banking market. The OCC said in a letter dated August 4 that the denial was based on “significant supervisory and compliance concerns” identified during its review.
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U.S. regulator rejects Bunq application for national bank charter
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