US Fed Suspends Customers Bank
This is a news story, published by CoinGape, that relates primarily to US Federal Reserve news.
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Customers BankCoinGape
•Breaking: Customers Bancorp Faces Enforcement Action From US Federal Reserve
78% Informative
US Federal Reserve issues enforcement action against Customers Bank for risk management flaws.
Bank 's digital assets business was found to have drawbacks in its anti-money laundering practices.
No monetary penalty is imposed, but banks must report progress to regulators regularly.
The bank's failure to comply with these measures raised alarms, which in turn led to the Fed 's decision action.
VR Score
70
Informative language
65
Neutral language
58
Article tone
formal
Language
English
Language complexity
64
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
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Known propaganda techniques
not detected
Time-value
short-lived
External references
3
Source diversity
3
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