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Monday, February 17, 2025
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    bitcoin
    Bitcoin (BTC) $ 96,214.78
    ethereum
    Ethereum (ETH) $ 2,669.54
    tether
    Tether (USDT) $ 1.00
    bnb
    BNB (BNB) $ 673.36
    usd-coin
    USDC (USDC) $ 1.00
    xrp
    XRP (XRP) $ 2.72
    binance-usd
    BUSD (BUSD) $ 0.981194
    dogecoin
    Dogecoin (DOGE) $ 0.265434
    cardano
    Cardano (ADA) $ 0.794169
    solana
    Solana (SOL) $ 186.41
    matic-network
    Polygon (MATIC) $ 0.32572
    polkadot
    Polkadot (DOT) $ 4.89
    tron
    TRON (TRX) $ 0.240791
    HomeFinanceFDIC alleges Cross River engaged in 'unsafe' lending practices

    FDIC alleges Cross River engaged in ‘unsafe’ lending practices

    The Federal Deposit Insurance coverage Company (FDIC) has requested Cross River Financial institution – recognized for its providers to fintech and crypto corporations like Visa (NYSE:) and Coinbase (NASDAQ:) – to “self-correct” and appropriately tackle weaknesses in its lending actions.

    On April 28, the FDIC launched a consent order executed with Cross River Financial institution on March 8, which alleged that the financial institution engaged in “unsafe” or “unsound” banking practices relating to its compliance with relevant truthful lending legal guidelines and rules in 2021.

    The FDIC executed the consent order with Cross River Financial institution on March 8. Supply: FDIC

    Proceed studying on Coin Telegraph

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