On March 28, the Federal Reserve (Fed) issued a cease-and-desist order to a Wyoming-based bank holding company, citing deficiencies identified in a September 2023 inspection related to its “fintech business strategy, board oversight, capital, earnings, liquidity, risk management, and compliance” in connection with the banking-as-a-service activities of its bank subsidiary. Continue Reading Fed Brings Enforcement Action Against Wyoming Bank Holding Company Over “Fintech Business Strategy”
