Varo Is First FinTech to Receive Full-Service Charter from the OCC
CFPB Monitor
AUGUST 7, 2020
On July 31, 2020, the Office of the Comptroller of the Currency (OCC) approved the national bank charter application of Varo Bank, N.A., team — the first consumer fintech to receive a national bank charter. As other fintechs mature and grow nationally, the message from the federal banking system is: come on in. Varo Bank, N.A.’s
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