US Regulator Rejects Dutch Fintech Bunq's Application for National Bank Charter The US Office of the Comptroller of Currency (OCC) has rejected Dutch fintech firm Bunq's application for a national bank charter, dealing another blow to companies seeking to expand their banking operations in the world's largest economy.
This decision is part of a broader trend of regulatory hurdles facing global financial players.
The OCC's denial was not entirely unexpected, given the regulator's increasingly stringent requirements for companies seeking a national bank charter.