OCONOMOWOC, Wis. - (12/29/05) Police here are investigating a slighttwist on an age-old scam that has hit one credit union and a memberhere. Landmark CU said a 48-year-old local man opened a newbusiness checking account by depositing a check worth more than$75,000. Shortly thereafter some funds were wired from the accountand a withdrawal of $1,500 was made. When the check bounced, policewere contacted and the member met with CU officials, explainingthat following a series of e-mail discussions with a businessassociate a plan was made to purchase property in Canada. Themember was supposed to receive a check, make a transfer, andreceive a 10% commission on the profits from the transaction. Themember has told the credit union he will pay the entire amountback.
-
Regulators hope changes to the supplementary leverage ratio will improve Treasury market function, but whether that happens depends in large part on how banks react and adapt.
24m ago -
While banks will likely increase near-term dividend plans, analysts and investors are more focused on the long-term outlook for capital requirements from regulators.
11h ago -
The Missouri bank surveyed consumers about what kind of financial management tools they use, then built its My Finance360 tool in response.
June 30 -
GodFather malware mimics and manipulates real financial apps on Android devices, exposing sensitive data without user suspicion.
June 30 -
As banks consider their strategies, other big names are also considering a role for digital assets.
June 30 -
The Financial Technology Association — which had been granted the right to defend the Consumer Financial Protection Bureau's open banking rule after the bureau declined to defend it — filed a motion Sunday to preserve the rule.
June 30