Overview
Proposed branchless national bank subsidiary of Upstart, conditionally approved by the OCC on July 23, 2026, intended to originate consumer loans nationwide and accept FDIC-insured deposits.
Recent Developments
- 2026-07-23: OCC conditional approval; operations not commenced (2026-07-24-upstart-occ-conditional-bank-charter)
- Framed as milestone toward first AI-underwriting-native national bank