LOS ANGELES-Named as defendants in the NCUA's suit are former directors: Robert Harvey, the chairman of the board and CEO of Seattle Metropolitan CU; James Jordan, CEO of Schools Financial CU; Timothy Kramer, CEO of Keypoint CU; Robin Lentz, CEO of Cabrillo CU; John Merlo, CEO of Premier America CU; Gordon Dames, former CEO of Mountain America CU; Warren Nakumara, CEO of Honolulu FCU; Brian Osberg, CEO of Potelco United CU; David Rhamy, CEO of Silver State Schools CU; Sharon Updike, CEO of Eagle Community CU; and, Bill Cheney, former CEO of Xerox FCU (now Xceed) Financial FCU. Several of the CEOs, including Harvey and Dames, have retired, and Cheney currently is CEO of CUNA. Also being sued by NCUA are: Robert Siravo, former CEO of WesCorp, Todd Lane its CFO, Thomas Swedberg, head of human resources, Robert Burrell, former executive vice president and chief investment officer; and Timothy Sidley, former chief risk officer.
-
Housing advocates and compliance firms are suing to block a rule from the Consumer Financial Protection Bureau that they say guts the Equal Credit Opportunity Act.
10h ago -
The Federal Reserve Board governor is the latest Fed official to embrace the prospect of tighter monetary policy in response to rapidly rising prices that have taken hold in recent years.
11h ago -
The brokerage fintech launched agentic trading and an agentic credit card today that will allow AI agents to trade equities and make credit card purchases on customers' behalf. It comes just weeks after OpenAI rolled out its own personal finance tool.
May 27 -
The Canadian lender's U.S. plan involved selling branches and jettisoning certain noncore relationship loan portfolios. BMO is now positioned to achieve its stateside return on equity target, CEO Darryl White said.
May 27 -
Regulators pushed banks toward multifactor authentication. A new phishing-as-a-service kit, flagged by the FBI, is built to slip right past it.
May 27 -
The Federal Deposit Insurance Corp. said banks earned stronger profits and expanded lending in the first quarter of 2026, but at the same time margins shrank and unrealized losses have been increasing.
May 27









