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OCC Rejects bunq’s U.S. Bank Charter Application Over Supervisory and Compliance Concerns
The United States Office of the Comptroller of the Currency has rejected Dutch digital bank bunq’s application for a national banking charter, citing significant concerns about the proposed institution’s capitalisation, management experience, business strategy and ability to operate safely and profitably in the U.S. market. The decision represents a setback for bunq’s plans to establish a full banking presence in the United States and highlights the demanding regulatory expec
Aug 178 min read
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