REGULATION · US
OCC denies Dutch fintech Bunq's US banking license, cites vague expansion plan
US Office of the Comptroller of the Currency rejected Bunq's application for a US banking charter, requiring the Netherlands-based fintech to provide more detail on its American market entry strategy before reapplication.
WHY IT MATTERS
OCC is raising scrutiny bars for foreign fintech charter applicants. Banks and investors should expect regulators to demand granular US compliance, AML, and data-residency plans earlier in the licensing cycle to avoid delays.
Source: PYMNTS · 2026-08-09