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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

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Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. On Friday (July 31), the Office of the Comptroller of the Currency (OCC) announced Varo Bank has been granted its full-service national bank charter. OCC is an independent bureau of the U.S.

National 172
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Banks Fight Back Against ‘Fake Grandchild’ Scammers Who Target Seniors

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Treasury Department tell the main story: Banks in 2018 reported 24,454 suspected instances of elder financial abuse. That might not seem much in a nation with some 50 million people over the age of 65, but that number of reported cases is double what it was five years ago, according to the federal agency. But the U.S.

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