by Team Small News | Aug 16, 2025 | Banking
The Federal Reserve has decided to discontinue a program aimed at monitoring and regulating the involvement of banks in cryptocurrency and fintech activities. This move has significant implications for the financial industry, as it potentially loosens the oversight on...
by Team Small News | Aug 16, 2025 | Banking
The Financial Services Regulatory Commission (FSRC) of Antigua and Barbuda has issued a warning to the public regarding Digital Cryptocurrency Bank, also known as DCB. According to the FSRC, DCB has never been issued a license to carry on international banking...
by Team Small News | Aug 12, 2025 | Banking
Paxos, a leading stablecoin issuer, has submitted an application for a national bank trust charter with the Office of the Comptroller of the Currency (OCC). This move aims to transition the company’s existing New York Department of Financial Services (NYDFS)...
by Team Small News | Aug 2, 2025 | Banking
The Enforcement Directorate (ED) has issued a Look Out Circular (LOC) against Anil Ambani, the chairman of the Reliance Group, in connection with a loan fraud probe. The LOC, which is a circular issued to prevent a person from leaving the country, was issued after the...
by Team Small News | Jul 10, 2025 | Banking
The Federal Reserve Board (FRB) recently issued a removal and prohibition order against a former bank employee due to alleged misconduct unrelated to her role at the bank. The action was taken under 12 U.S.C. ยง 1818(e), which allows regulators to impose industry bans...
by Team Small News | Jun 25, 2025 | Banking
In a significant shift in regulatory approach, the Federal Reserve has announced that it will no longer consider “reputational risk” as a factor in its oversight of banks. This change in policy marks a departure from the Fed’s previous practice of...