MOBILE, Ala. – A member of Navigator CU was indicted yesterday on charges bank fraud charges for allegedly spending $101,918 that was erroniously deposited into her account.
Terica Crook drained the fund by transfer money and withdrawing it from ATMs and used it to buy merchandise at area retail stores between 2004 and 2007, prosecutors charge.
The actions caused a loss to the credit union of $101,918.
The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
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