LexRegPulse Daily - Sep 4, 2026
Alex here. This is LexRegPulse Daily for Friday, September 4.
The OCC approved two fintech bank charters in a single day this week — and drew a new line around what those charters can actually do.
Revolut, the British fintech with roughly a million US customers, won conditional approval September 3 for a full national bank charter. But four product lines — including leveraged currency trading — are fenced off, pending separate supervisory sign-off. The OCC approved a second de novo the same day: OpenReserve, a blockchain-native bank backed by a $25 million seed round led by a16z. This comes…
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