Fintech stories

Jul 23, 2026

OCC Rejects Wise's National Trust Bank Charter Application; Company to Reapply Under GENIUS Act

The U.S. Office of the Comptroller of the Currency denied London-based payments company Wise's application for a national trust bank charter, citing deficiencies. Wise plans to resubmit a new application under the GENIUS Act stablecoin framework.

Jul 23, 2026·9 sources

Jul 15, 2026

Stripe and Advent International Make $53 Billion Takeover Offer for PayPal

Payment processor Stripe and private equity firm Advent International have jointly offered to acquire PayPal Holdings for $60.50 per share, valuing the deal at approximately $53 billion. PayPal's stock surged 14-15% following the news.

Jul 15, 2026·7 sources

Top claims

▪The Office of the Comptroller of the Currency determined that proposed leaders of Wise National Trust demonstrated a persistent inability to manage money-laundering risks and lacked sufficient experience with fiduciary activities.
▪Wise Group PLC operates under more than 80 licenses globally, working with regulators including the UK's Financial Conduct Authority and the National Bank of Belgium.
▪Wise US agreed to pay $4.2 million in July 2025 to resolve a multi-state consent order addressing deficiencies in its Bank Secrecy Act, anti-money laundering, and countering the financing of terrorism programs.

Subtopics

Stablecoin regulation Crypto regulation Payments Private equity

Mergers & acquisitions (M&A)

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Fintech stories

OCC Rejects Wise's National Trust Bank Charter Application; Company to Reapply Under GENIUS Act

Stripe and Advent International Make $53 Billion Takeover Offer for PayPal

Related timelines

US Congress

Venture capital funding

Iran War

Strait of Hormuz blockage

Trump administration