Bunq

A US banking regulator turned down Bunq BV's application for a national bank charter. The Dutch fintech firm had submitted the request at the beginning of the year. Bunq sought to operate as a nationally chartered bank in the United States.

The rejection adds to the obstacles facing fintech companies pursuing de novo bank charters. Because the application was for a national bank charter, the reviewing regulator was the Office of the Comptroller of the Currency. Bloomberg Law first reported the denial.