CROSS RIVER BANK
Cross River Bank
FDIC Orders Self-Correction from Cross River Bank
The FDIC has asked Cross River Bank to correct and address issues in its lending activities. A consent order executed in March alleged that the bank had engaged in "unsafe" banking practices regarding compliance with fair lending laws and regulations in 2021.
Cross River Bank
Circle Partners with Cross River Bank for USDC Production and Redemption
Circle has partnered with Cross River Bank for USDC production and redemption, as well as expanded relationships with other banking partners like BNY Mellon. The USDC stablecoin recently experienced a peg-breaking incident but has since recovered.
