DETROIT – A former loan officer of Wyandotte CU was sentenced to 64 months in prison and ordered to pay $1.5 million in restitution for a long-running phony loan scam. Karl Hedke, 46, opened 413 loan accounts using false names and identification between 1993 and 2006, then used the proceeds from one loan to make payments on the others. Hedke pleaded guilty in October to fraud charges.
Amid political pushback around ESG, Climate Week panelists say firm leaders should focus less on the label and more on the risks that matter to clients.
The Minneapolis-based superregional bank is leaning into a sector that has been at the center of the Trump administration's economic policies.
Experts from JPMorganChase, Flywire and the Federal Reserve stress protecting data and vetting users as part of a strategy to make sure "good AI" beats "bad AI."
The card network is incorporating artificial intelligence into its commercial payments to help businesses get a better view of their accounts payable business.
The trends of big profits, consolidation and slow organic growth are creating a lot of contradictions with the pay of financial advisors and other RIA staff members, according to The Ensemble Practice's annual tracking study.
From shopping for better interest rates to tax strategy to cash flow, financial planners can play a vital role in helping clients prepare to take out a mortgage.
