Due to incorrect information provided by the U.S. Attorney's office in New Jesey, an article in the July 21 issue of The Credit Union Journal incorrectly stated that Anne Arundel County Employees FCU lost $365,000 on an ATM fraud. In fact, those were the credit union funds used to facilitate the multi-million dollar kiting scheme, but the credit union did not record a loss from the scheme.
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The Florida-based bank, which has been expanding across the South, would enter major markets such as Dallas and Houston with its planned all-stock acquisition of Independent Bank Group.
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Federal Reserve Vice Chair Michael Barr Monday spoke at length about efforts to enhance banks' liquidity and long-term debt positions after last year's bank failures while saying little about the capital hikes in the embattled interagency Basel III endgame proposal.
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Originators misled VA refinance applicants into believing they could skip two months of mortgage payments, the Federal Deposit Insurance Corporation said.
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The announcement, made at the Mortgage Bankers Association's Secondary Markets Conference, underscores Ginnie Mae's role at the forefront of digitization efforts in the capital markets space.
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Investors are facing recent pressure after Republic First's collapse, allegations of criminal activity by an executive at Old National and a pending CFPB rule affecting credit card fees.
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Regulation and other factors are creating friction for the banks and consumers that want to transact in crypto.
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