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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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.
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The fintech sponsor bank plans to offer digital asset services.
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The Museum of American Finance opened a free, Smithsonian-affiliated home in Boston's Seaport on Friday, betting it can make money history stick.
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The Alabama company has a long history of absorbing smaller firms with special skills. Acquiring the investment bank Frazer Lanier, an analyst said, is another example of that strategy.
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The Federal Reserve issued a "prompt corrective action" enforcement action against Kansas-based Small Business Bank, the third enforcement action against the bank since 2023.
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The Independent Community Bankers of America is lobbying Congress to require federal credit unions to disclose CEO pay, as most other nonprofit organizations must do. The calls follow the discovery of a massive embezzlement scheme led by the CEO of a Mississippi credit union.
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