The London-based company Revolut has secured conditional approval for a US bank charter from the Office of the Comptroller of the Currency, pending final review by the FDIC.
9 reports, 1 independent
Updated Sep 7
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What happened
The London-based company Revolut has secured conditional approval for a US bank charter from the Office of the Comptroller of the Currency, pending final review by the FDIC.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Revolut
financial technology company
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Office of the Comptroller of the Currency
American federal government organization
- The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and the Federal Reserve System are refocusing their joint supervision on material financial risk.
- The Federal Reserve is joining forces with the National Credit Union Administration and the Office of the Comptroller of the Currency to push stablecoin identification standards.
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Federal Deposit Insurance Corporation
US government agency providing deposit insurance
Related events
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- Ripple is seeking conditional federal charter approval from the Office of the Comptroller of the Currency.
- The Office of the Comptroller of the Currency is actively involved in the regulatory landscape of crypto firms, challenging and granting national trust bank charters for crypto activities.
- World Liberty Financial International is pursuing advanced status beyond a simple trust bank, achieving conditional approval for digital asset trust bank status.
- The FDIC guarantees deposits at commercial banks, while the Fed's rate-raising cycle influences Certificate of Deposit yields offered by institutions like EagleBank and American Express.