MANITOWOC, Wis. - (04/26/05) -- A former teller at Two RiversCommunity CU pleaded guilty last week to embezzling $60,000 fromfour member accounts. Dawn Mohn, 36, of Twin Rivers, pleaded guiltyto a single count of embezzlement. Mohn allegedly altered members'home addresses in the credit union's computer records to preventthem from receiving their regular account statements.
Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
Jack Dorsey's payments company also laid off employees early in 2025 and 2024 following a self-imposed employee cap of 12,000 in November 2023.
