PYMNTS
JANUARY 13, 2021
With the national trust bank charter, South Dakota-based Anchorage will become Anchorage Digital Bank , National Association. The OCC conditionally approved the charter, meaning Anchorage had to agree to comply with certain capital and liquidity requirements, as well as the OCC’s risk management rules, the release stated. “The
Independent Banker
FEBRUARY 24, 2016
Talk about your captive regulator! Even more obviously absurd, one provision would allow community credit unions in seven states—Montana, Alaska, Delaware, North Dakota, South Dakota, Vermont and Wyoming—to serve their entire state. When credit unions say “jump,” the NCUA says, “how high?”.
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CFPB Monitor
APRIL 25, 2022
As we will discuss, the timing of the Consent Order indicates that even when regulators permit crypto activities by financial institutions, they remain cautious, particularly as to BSA/AML compliance. In granting this charter, the OCC applied the same rigorous review and standards applied to all charter applications.
PYMNTS
JUNE 24, 2016
This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. A pretty clear-cut sizzle.
PYMNTS
DECEMBER 9, 2020
billion bitcoins in circulation, with a market capitalization of $117.81 These coins often change hands through cryptocurrency exchanges like South Dakota-based BitGo , which was founded in 2013 and specializes in tokenized forms of cryptocurrency known as wrapped bitcoin. regulations.”. The year 2020 saw 18.42
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