Reported Earlier, Upstart Receives Conditional OCC Approval To Establish Upstart Bank, N.A., A Delaware-Based, Branchless National Bank With FDIC-Insured Deposits,
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Why It Matters
Upstart got permission to start its own bank that keeps people's money safe through government insurance. This shows the company is growing into a bigger business, so watch if they actually launch the bank and whether customers trust them with their savings.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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