LANCASTER, Pa. - (11/17/05) -- A 59-year-old Founders FCU memberwas cheated out of $8,000 from her credit union account Monday bytwo scamsters pretending to be helping the poor. The two men,claiming to be from Nigeria, told the woman they needed her $8,000in cash to enable them to collect $50,000 from a life insuranceclaim they intended to donate to charity. The credit union membereventually ended up with a bandana full of shredded newspaper,instead of the $58,000 in cash she was led to believe would be init.
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A White House executive order issued Friday afternoon directing regulators to ease Dodd-Frank compliance burdens comes as a bipartisan housing bill advances on Capitol Hill.
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The bank and fintech entered an agreement to expand open banking ahead of the CFPB's new 1033 rule and announced joint fraud-combatting product improvements.
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A federal judge wrote in an opinion that a "mountain of evidence" suggests the subpoenas were an effort to push Federal Reserve Chair Jerome Powell to lower interest rates or resign.
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Investors claim JPMorganChase collected fees while ignoring suspicious transfers linked to a $328 million crypto Ponzi scheme.
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Federal bank enforcement actions have dropped sharply since the start of the second Trump administration, but experts' views vary about whether less enforcement will result in a buildup of risk in the financial system.
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Billy Beale, who was hired to clean up Virginia-based Blue Ridge Bankshares after its failed foray with fintechs, has left the $2.4 billion-asset company. His successor is Harry Golliday, who was named interim CEO.
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