The OCC rejects Bunq's US national bank charter application
Finextra·low signal
The Office of the Comptroller of the Currency has rejected Dutch neobank Bunq's application for a US national bank charter. The rejection is a notable data point against the current wave of tech-adjacent charter attempts — the same week Erebor, a US-founded bank targeting crypto and AI clients, is closing a $1.5bn round at an $8bn valuation, suggesting the regulatory bar is being applied unevenly across foreign and domestic applicants.