PITTSBURGH – A former employee of Murrysville MSA Branch Employee FCU last week was charged with stealing more than $127,000 from the credit union to help support her gambling addiction.
Lori Smith, 49, admitted in September to stealing the money and was fired from her position at the credit union.
A preliminary hearing is scheduled for Feb. 16.
The federal government has largely stepped back from enforcing antidiscrimination laws in lending and housing. Under a recently passed bill, regulators in the nation's most populous state would seek to fill the void.
The Federal Reserve's Office of the Inspector General found inconsistencies in how reserve banks execute their search processes and review stock holdings for prospective directors.
RIAs who work with Charles Schwab have long worried Schwab competes with them for business. Could Vanguard's pending purchase of Altruist put Altruist RIAs in the same position?
Banks are more prone to say artificial intelligence model performance has a high level of risk than credit unions, according to new American Banker research.
The bank's strategy for getting from experimentation to measurable ROI is a model others should consider.
Regulators issued a joint statement Wednesday clarifying that banks can discuss facts surrounding suspicious activity with customers so long as they do not disclose the existence of a suspicious activity report explicitly.
