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Brand AI

Customers Bancorp

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2024

    Federal Reserve enforcement action over risk-management and anti-money-laundering controls

    On August 8, 2024, the Federal Reserve Bank of Philadelphia announced an enforcement action involving Customers Bancorp and Customers Bank. The notice identified significant deficiencies in risk management and anti-money-laundering practices and highlighted concerns related to the bank's digital-asset strategy, including its CBIT platform and digital-asset clientele.

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