Regulators said the partner bank for Crypto.com and fintech app Wise is ordered to resolve customer due diligence flaws.
The report adds that cFSB provides banking services to fintech platforms including Crypto.com and Wise.
Separately, the bank must submit remediation plans and strengthen compliance monitoring under OCC supervision.
The Office of the Comptroller of the Currency issued a consent order against Community Federal Savings Bank. Spokespersons referred inquiries to previously issued statements.
Regulators cited anti-money laundering program gaps and inadequate customer due diligence procedures. No expanded comment was offered beyond published materials.
Named entities in source reporting include Community Federal Savings Bank, OCC, Crypto.com.
The reporting cites named institutions and locations tied to the underlying event.
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Sources:
https://bpi.com/bpinsights-may-30-2026/cfsb-occ-consent-order