U.S. Regulator Set to Reject Bank Charter Bid From UK Fintech Firm Monzo

Published on Sep 30, 2021

A U.S. bank regulator plans to reject a bank charter application from Monzo, an online UK-based lender, according to sources with direct knowledge of the matter. The decision by the Office of the Comptroller of the Currency (OCC) is confidential and isn’t expected to be disclosed for weeks, giving Monzo time to withdraw its application […]

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