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National Bank Charter

Banking
·Nov. 24, 2020

It is Almost Becoming a Flood: Fintech Companies Want to Become Banks

First, we had Varo. Then came Square. More recently SoFi, then Figure, now Oportun is joining the party. Let’s not...
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Peer to Peer Lending
·Feb. 11, 2020

Varo Breaks New Ground With FDIC Approval For National Bank Charter

While there are always interesting things happening around fintech there is not often news which moves the needle for the...
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FintechNews RoundupUSA
·May. 1, 2019

A Look at Varo Money’s Road to Becoming a Bank

American Banker sat down with Varo Money CEO Colin Walsh to talk about where the company stands in their quest...
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FintechNews RoundupUSA
·Feb. 11, 2020

Varo Breaks New Ground With FDIC Approval For National Bank Charter

Due to the regulatory environment in the US digital banking startups have opted to partner with banks to offer banking...
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FintechNews RoundupUSA
·Jun. 26, 2019

Varo Money Shuts Consumer Lending Division

Digital bank Varo Money has made the decision to shut down their consumer lending division; Business Insider reports “With the...
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FintechNews RoundupUSA
·Nov. 1, 2017

Noreika on National Bank Charters

Keith Noreika, the acting Comptroller of the Currency recently signed the first full-service de novo national bank charter since the financial crisis to Winter Park National Bank of Florida; Noreika believes there are still too few new banks and part of the problem is the onerous process; Noreika outlines the lengthy process and discusses his suggested changes in his testimony back in June. Source

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