NCUA has issued Orders of Prohibition against the following individuals: William G. Carey, Sr., former treasurer, Troy Federal Credit Union, Troy, N.Y., who pleaded guilty to one felony count of embezzlement and was sentenced to imprisonment for 24 months, followed by five years of probation; William H. Carnes, former board member, New England Teamsters FCU, Arlington, Mass., who pleaded guilty to embezzlement from an employee benefit plan and mail fraud, and was sentenced to probation for 60 months; and George W. Cashman, former board member, New England Teamsters FCU, Arlington, Mass. who pleaded guilty to extortion, embezzlement from an employee benefit plan and mail fraud, and was sentenced to imprisonment for 34 months, followed by 36 months of probation.
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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.
6h ago -
The Missouri bank surveyed consumers about what kind of financial management tools they use, then built its My Finance360 tool in response.
8h ago -
GodFather malware mimics and manipulates real financial apps on Android devices, exposing sensitive data without user suspicion.
9h ago -
As banks consider their strategies, other big names are also considering a role for digital assets.
10h ago -
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.
11h ago -
Kevin Fromer, who has headed the Financial Services Forum since 2017, announced his departure Monday. Fromer transformed the Financial Services Forum to advance the interests of the largest U.S. banks.
June 30