U.S. Banks Face Fresh Scrutiny Over Alleged ‘Debanking’ Practices
Major U.S. lenders are preparing for heightened regulatory scrutiny as the Office of the Comptroller of the Currency (OCC) nears completion of a review into allegations that banks improperly closed or denied customer accounts...
U.S. Banks Face Uncertainty Over Proposed Order on Customer Citizenship Data
U.S. banks are grappling with uncertainty over a potential White House executive order that would require them to collect customers’ citizenship or immigration status. Treasury Secretary Scott Bessent recently indicated that the administration is...