JACKSON, Mich. – A former teller and vault clerk for American One FCU pleaded guilty Friday to embezzling $100,000 from the credit union.
Thirty-year-old Jessica Morgan pleaded guilty to one count of embezzling from a financial institution as part of a plea deal with prosecutors, who agreed to drop two other embezzlement charges.
She faces up to 20 years in prison when she is sentenced next month.
A new bill introduced by Sen. Katie Britt, R-Ala., would boost efforts to index bank regulatory thresholds in the Senate Banking Committee, where most of the focus to date has been on stablecoin and crypto.
As AI agents become more collaborative, creative and fast, banks need to defend themselves.
BCB Bancorp says red ink may top $130 million in the third quarter, as its new CEO moves to address credit-quality issues.
Surveys from Fidelity and Edward Jones suggest that even clients with comprehensive plans and wealth don't always feel good about their financial future.
Nine months before the outage, the NCUA told a federal council it may no longer need the authority to examine vendors like the one that failed.
