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Fraud victims demand Chase Bank do more after thousands drained from accounts

Several local people say they’ve lost tens of thousands of dollars thanks to fraud on their bank accounts. And they’re not alone. ....

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Fraud victims demand Chase Bank do more after thousands drained from accounts

Several local people say they’ve lost tens of thousands of dollars thanks to fraud on their bank accounts. And they’re not alone. ....

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Paxos Receives Preliminary US Federal Banking Charter Approval from OCC

Paxos Receives Preliminary US Federal Banking Charter Approval from OCC
3 hours ago by Oluwapelumi Adejumo · 3 min read
Photo: Shutterstock
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Paxos hopes to be at the forefront of that wave of regulation and the recently gained approval is one more step along that road.
The crypto giant Paxos received preliminary conditional approval from the US Office of the Comptroller of Currency (OCC) on Friday. Paxos joins Anchorage and Protego in holding a federal banking charter, which allows them to carry out custodial and management services for digital assets, stablecoin reserves, and crypto-based services like payments, trade, KYC, and exchange. ....

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Wells Fargo Must Face Retaliation Suit Over OCC Testimony

Wells Fargo Must Face Retaliation Suit Over OCC Testimony
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Biden Administration Reported to Be Lining up a Former Ripple Advisor as the Next Bank Regulator – News Bitcoin News

Biden Administration Reported to Be Lining up a Former Ripple Advisor as the Next Bank Regulator
Micheal Barr, the former member of Ripple’s board of advisors, is set to become the United States’ next banking regulator, according to a report. A former assistant treasury secretary, Barr will become the second individual with crypto connections to lead the Office of Currency Comptroller (OCC.) The recently departed Currency Comptroller Brian Brooks is a former Coinbase executive.
Biden Taps Comptroller With Crypto Ties
According to a Wall Street Journal report, which cites anonymous sources, Barr’s likely appointment will be at the expense of Mehrsa Baradaran, a law professor. Still, the report reveals that Barr, who is currently the Dean of public policy at the University of Michigan, was unavailable to confirm the reports at the time of publishing. ....

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