Loan refinancer and BitLicensee SoFi is clear to launch a national bank in the U

[Dociko]

The new bank will be subject to heightened scrutiny from the OCC for at least three years. In an announcement on Wednesday, the Office of the Comptroller of the Currency (OCC) granted SoFi a conditional license to operate as a national bank in the United States.

The OCC is the office of the U.S. Treasury that regulates federal banks throughout the country. SoFi, which stands for Social Finance, is a fintech startup that has historically provided loans and refinancing services. In 2019, the firm launched crypto trading, and last December, the New York Department of Financial Services granted SoFi a coveted BitLicense.
Details: https://cointelegraph.com/news/loan-refinancer-and-bitliscensee-sofi-is-clear-to-launch-a-national-bank-in-the-us