Propel Holdings Receives Regulatory Approval to Launch Propel Bank
December 3, 20255 min
Propel Holdings Inc., the fintech facilitating access to credit for underserved consumers, today announced it has received regulatory approval from the Office of the Commissioner of Financial Institutions of Puerto Rico to establish Propel International Bank, Inc., a wholly owned subsidiary of Propel. Propel Bank is licensed as an International Financial Entity overseen by the OCFI. Established under the U.S. banking framework, many IFEs today provide a range of banking and financial services to clients...
