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ItBit Became The First Cryptocurrency Exchange To Receive A Banking License
Friday, May 8, 2015 - 12:05pm | 322Read More...The New York State Department of Financial Services (NYDFS) decided to grant bitcoin exchange itBit a banking trust charter this week, marking a major step forward for the cryptocurrency. On Thursday the company announced its plans to sign up US customers following the decision, though the...
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Ocwen Investigated For Self-Dealing, At Homeowners' And Investors' Expense
Wednesday, April 23, 2014 - 3:27pm | 1173Read More...Benjamin Lawsky, New York’s first Superintendent of Financial Services, is wading further into the muck that is Ocwen Financial Corporation's (NYSE: OCN) mortgage servicing practices. On Monday Lawsky sent Ocwen a letter demanding explanations for business practices that appear to be self-...
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Standard Chartered May Face $700 Million in Fines
Wednesday, August 8, 2012 - 3:45pm | 409Read More...Reports Wednesday showed that Standard Chartered Bank may face up to $700 million in fines from a New York banking regulator. The news comes just days after it was revealed that the New York banking regulator was investigating the British Bank for funneling transactions into Iran, breaking new U.S...
