Tag : Comptroller of the Currency

Payoneer Files Application for U.S. National Trust Bank Charter to Strengthen Regulated Financial Infrastructure for Global Businesses
Digital Payments Finance News Uncategorized

Payoneer Files Application for U.S. National Trust Bank Charter to Strengthen Regulated Financial Infrastructure for Global Businesses

PR Newswire
by PR Newswire0
 Payoneer, the global financial technology company powering business growth across borders, announced that it has filed an application with the Office of the Comptroller of the Currency (OCC) to establish PAYO Digital Bank, N.A., a national trust bank designed to support stablecoin-enabled infrastructure for global businesses. Over the past year, stablecoin adoption......
FinCEN Indicts USAA Federal Savings Bank for Violating the Bank Secrecy Act
Banking Compliance management Digital Payments Featured News

FinCEN Indicts USAA Federal Savings Bank for Violating the Bank Secrecy Act

Fintech Staff Writer
by Fintech Staff Writer0
The Financial Crimes Enforcement Network (FinCEN) has announced that it has assessed a $140 million civil money penalty against USAA Federal Savings Bank (USAA FSB) for willful violations of the Bank Secrecy Act (BSA) and its implementing regulations. As its customer base and revenue grew in recent years, USAA FSB......
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