WATERTOWN, N.Y. - (06/08/05) -- A lawyer representing Northern FCUin a bankruptcy case was cited and reprimanded by the U.S.Bankruptcy Court for claiming the assets of a member'sfiancĚ should be included in a bankruptcy petition and ripefor collection. The lawyer's claim, insisted U.S. Bankruptcy JudgeRobert Littlefield, Jr., was so flawed that the credit union shouldalso be penalized for relying on his counsel. In his brief with thecourt, attorney David Antonucci had argued that the member had moreassets than he disclosed in a Chapter 7 petition and that themember had been funneling money that should have been available torepay debts into his fiance's home and living expenses for herchildren. The judge wrote that Antonucci had admitted on severaloccasions that neither he or the credit union had evidence tosupport his allegations.
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Governor Gavin Newsom announced the swearing in of Rohit Chopra as secretary of the California Business and Consumer Services Agency, Amalgamated Bank of Chicago promoted Cherie Duve to executive vice president and chief legal officer, Ramon M. Rodriguez joins USCB Financial Holdings and U.S. Century Bank as an independent director, and more in this week's banking news roundup.
July 3 -
The Open Standard consortium understands what makes a stablecoin valuable isn't how digital it is, but how ubiquitous it is
July 3 -
Low daily, weekly and monthly Zelle limits can cause users to switch to other payment networks, raising the ante for banks to find solutions.
July 3 -
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Sen. Elizabeth Warren, D-Mass., is asking President Trump's son Eric if he plans to refile a lawsuit against Capital One Financial for allegedly "debanking" hundreds of Trump Organization accounts. The letter follows President Trump's nomination of a Capital One executive to lead the Consumer Financial Protection Bureau.
July 2 -
The fintech sponsor bank plans to offer digital asset services.
July 2










