Reuters: Fed takes enforcement action against Customers Bancorp

2024/08/09 00:44

Odaily News The U.S. Federal Reserve announced that it has taken enforcement action against Customers Bancorp Inc, alleging that the bank had significant deficiencies in its risk management and anti-money laundering practices. The Fed said the enforcement action against the Pennsylvania-based bank, which provides digital asset services and a tokenized instant payment platform, stemmed from a recent Fed inspection. A spokesperson did not immediately respond to a request for comment. (Reuters)

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