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Remittance firm ordered to pay nearly $1 million fine for failing to provide accurate fee, exchange rate info

October 4, 2022 0

A penalty of nearly $1 million has been assessed against a New Jersey money transferring firm by the federal consumer financial protection agency for the firm’s failure to provide accurate fee, exchange rate and other […]

Today

  • Interest rate risk report exposes some vulnerability for banks over longer term

    October 23, 2026 0
    Economic value of equity (EVE) is more vulnerable to interest rate increases than are other financial indicators, according to the latest interest rate risk statistics report issued Friday by the national bank regulator. According to the quarterly report (for fall [...]
  • OCC finalizes rule for crypto under GENIUS Act; more to come on waiver requests

    October 22, 2026 0
    Providing a “clear, practical foundation for private-sector innovation, competition, and American leadership in digital assets” is the aim of a cryptocurrency final rule issued Wednesday by the national bank regulator, the agency said. According to the Office of the Comptroller [...]

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