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Breaking: Customers Bancorp Faces Enforcement Action From US Federal Reserve

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Summary
Nutrition label

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

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links