Community Federal Savings Bank
A New York federal savings association under an OCC order since April 2026 over its payment processing line.
Community Federal Savings Bank is a federal savings association in Woodhaven, New York, supervised by the OCC. Its consent order AA-ENF-2025-21, dated April 24, 2026 and made public on May 21, 2026, finds that since 2020 the bank “has significantly grown its payment processing line, relative to its size”, including cross-border wire and ACH activity with foreign financial institutions, without matching controls.
It requires a compliance committee, a 90-day action plan subject to OCC no-objection, an independent BSA program assessment, a risk assessment covering product lines and third-party relationships, and an independent lookback of suspicious activity.
- Country
- United States
- Primary federal regulator
- OCC
- Charter type
- Federal savings association
- FDIC certificate number
- 57129
- Publicly announced fintech partners
- Wise (money transmission offered through Community Federal Savings Bank in certain states, per Wise)
Synctera (announced CFSB as a partner bank in September 2021) - Enforcement actions (regulator records)
Document Regulator Issued Status AA-ENF-2025-21 consent order (BSA/AML, payment processing line) OCC Apr 24, 2026 In force - Date checked
Questions
Is Community Federal Savings Bank under an OCC consent order?
What does the CFSB consent order require?
Which fintechs work with Community Federal Savings Bank?
See also
- Sponsor-bank enforcement tracker
- Synctera, a BaaS platform that announced CFSB as a partner
- All sponsor banks
Sources
- OCC consent order AA-ENF-2025-21
- OCC release, May 21, 2026
- Wise help center
- Checked September 26, 2026.
Source: FDIC BankFind, the FDIC, OCC and Federal Reserve enforcement records and state regulators’ orders, plus partner announcements by the banks or fintechs, as linked in each profile. How we build and refresh profiles: methodology.