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Bitcoinist
2023-04-30 09:40:34

FDIC Accuses Cross River Bank Of ‘Unsafe’ Lending Practices

FDIC Accuses Cross River Bank Of ‘Unsafe’ Lending Practices

In what has been a challenging year for traditional banks, the Federal Deposit Insurance Corporation (FDIC) seems to be increasing its scrutiny of crypto-friendly banks. The Institution sent a cease-and-desist order to Cross River Bank to “self-correct” and properly address the vulnerabilities in its lending operations The regulator requested that the bank implement greater oversight

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