U.S. Federal Reserve Hits Customers Bank With Enforcement Action Related to Crypto Services

The governing body of the Federal Reserve System has issued an enforcement action against Customers Bancorp, the parent company of state-chartered Customers Bank known for doing business with crypto exchange platforms and stablecoin issuers. The Federal Reserve Board (FRB) says the Pennsylvania-based bank holding company and its subsidiary have significant deficiencies in risk management... source: https://dailyhodl.com/2024/08/09/u-s-federal-reserve-hits-customers-bank-with-enforcement-action-related-to-crypto-services/