Three U.S. Marines and a civilian woman were charged with check fraud for allegedly creating phony checks on a home computer, then cashing the checks at Navy FCU and Marine FCU. The four, Benjamin Graves, Richard Summerlin, Gordon Samuel, and Rashawn Dick, were all charged last week with multiple counts of forgery and conspiracy. Police said additional charges are expected in the case.
The industry has enjoyed lower tax rates and regulatory relief during the current administration, but individual donations from the eight largest banks favor the Democratic nominee by more than 4-to-1.
The New York State Department of Financial Services says banks and credit unions under its supervision should limit loan concentrations in vulnerable geographic areas, avoid overexposure to fossil fuel and other legacy businesses and develop financial disclosures detailing climate-related risk.