OCC Grants Conditional Approval for Mercury to Establish Mercury Bank, N.A.
Mercury, a US fintech company, has received conditional approval from the OCC to establish Mercury Bank, N.A. The company must still meet remaining conditions and secure final authorizations from the OCC, FDIC, and Federal Reserve. The move is expected to expand Mercury's financial services, including Zelle integration and enhanced lending products.
Topics: banking FDIC Federal Reserve fintech Mercury OCC regulation