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US bank regulator didn’t have safeguard on hacked email account

Bank Automation

Office of the Comptroller of the Currency didnt have a basic protection enabled on an email account hackers exploited to spy on the messages of more than 100 bank regulators for over a year, according to two people familiar with the matter.

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SoFi adds crypto services and blockchain-powered remittances

Finextra

Having once pulled back from digital assets over regulatory concerns, SoFi is entering the arena again after the Office of the Comptroller of the Currency changed rules over what banks can do with regards to crypto.

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Report: Digital Lender SoFi Eyes IPO Via SPAC

PYMNTS

It has also begun work in stock trading and cash management accounts. Office of the Comptroller of the Currency for its application for a national bank charter. In May, Noto said SoFi's investor accounts had doubled in large part due to fractional shares, even in spite of how volatile the markets have been.

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Fifth Third Bank Sued By CFPB Over Fake Accounts

PYMNTS

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Cincinnati-based Fifth Third Bancorp alleging that employees opened accounts for customers without their consent in an effort to reach sales targets, according to reports on Tuesday (March 10). The CFPB filed a complaint with the U.S.

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ECS Fin To Test Apifiny's Blockchain Program

PYMNTS

The news comes after the recent decision by the Office of the Comptroller of the Currency (OCC) to let banks offer crypto services. Haohan Xu , CEO of Apifiny, said the industry is shifting from the old traditional accounts to "a new digital asset paradigm.".

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Bitcoin Daily: US National Banks To Hold Reserve Currencies For Stablecoins; Stripe To Pay Massachusetts $120K In PlexCoin ICO Role

PYMNTS

The Office of the Comptroller of the Currency (OCC) released a letter that explained the authority of federal savings associations and national banks to keep “reserves” for clients who are issuers of stablecoins in some cases, according to a Monday (Sept. Acting Comptroller of the Currency Brian P.

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Bitcoin Daily: US Bank Regulator Says Licensing Crypto Firms As FIs ‘Makes Sense’; Korean Luxe Retailers Pay Rewards Via Blockchain

PYMNTS

Office of the Comptroller of the Currency (OCC) Chief Operating Officer Brian Brooks said he thinks digital currency firms could go under a federal licensing program in the event they offer what could be called payment services, CoinDesk reported. Meanwhile, MiL.k,