HONOLULU – The manager of tiny Prince Kuhio FCU, formerly known as Na Hui Elima FCU, was indicted by a federal grand jury last week and charged with stealing almost $100,000 through an elaborate check-floating scheme. Roselle Farias, who was responsible for closing out each teller’s cash position each day, was charged with stealing checks on 200 different occasions. She allegedly covered the scheme by making it appear the checks were being processed and delaying the daily check deposits in order to create an artificial float to explain the accounting discrepancy, by making it appear the stolen funds were in transit.
-
Federal Reserve Gov. Lisa Cook said Thursday that private credit does not seem to pose additional risks to the financial system at the moment, but added that more information about the opaque market is needed.
10h ago -
FiCare asked a judge to stop Fiserv from using automated checks to lift fraud holds. Fiserv says the credit union could have turned on one-time passcodes.
10h ago -
The federal agency's proposed definitions characterize event contracts as swaps, but exclude "casino-style" gambling.
10h ago -
Advisory practice sellers frequently wish they had taken more time for important strategic tasks before the deal, David Grau of Succession Resource Group says. He provided a list explaining why the timeline will take longer than many sellers may think.
11h ago -
Federal Reserve Vice Chair for Supervision Michelle Bowman said banks are making use of expanded balance sheet capacity to increase their Treasury holdings.
11h ago -
OUSD, the new stablecoin from Open Standard, a consortium of more than 140 banks, fintechs, payments companies and crypto firms, has drawn interest, in part due to its shared economics model.
October 1








