Original Source Material
The cross-border platform joins the influx of fintechs seeking banking licenses to issue and custody stablecoins. The OCC has conditionally approved at least seven trust bank charters since December.
Payoneer applies for OCC’s national trust bank charter
Summary
- Payoneer has applied for an OCC national trust bank charter.
- The OCC has conditionally approved at least seven trust bank charters since December.
Why It Matters for Texas Credit Unions
Relevant as it pertains to the broader trend of fintechs seeking banking licenses, which could impact regulatory standards and requirements for Texas credit unions.