The OCC today issued a statement about a supposedly Florida-based entity called Faith National Bank, which the OCC said is not authorized to conduct business as a national bank. According to its website, the unauthorized entity purports to offer credit and debit cards, mobile banking, FDIC-insured deposit accounts and loans; however, the entity is not listed by the FDIC as an insured institution. It also falsely includes on its website a number of individuals supposedly associated with the bank as staff or board members, many of whom are otherwise affiliated with legitimate banking organizations.
ABA Data Bank: Yen falls to lowest level in three decades
The Japanese Yen briefly weakened to 160 intra-day against the U.S. Dollar on Monday, it's lowest level since April 1990.