HONOLULU - (06/24/04) -- A former assistant operationsmanager for Hawaii USA FCU was sentenced to 18 months for bankfraud Monday and ordered to make $113,000 in restitution. ZenaidaPena, 46, of Waipahu, pleaded guilty to a scheme with which shedrained the accounts of elderly credit union members she hadbefriended and made cashier's checks payable to herself and to hercreditors. Pena misappropriated about $108,000 between May 2001 andJanuary 2003. The restitution order covers the funds, withinterest, the credit union spent to reimburse themembers.
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The Toronto-based bank named Rahul Nalgirkar as incoming finance chief. Nalgirkar, who joined BMO in 2022 from Fifth Third, will succeed the retiring Tayfun Tuzun, who came to BMO in 2020 after working at Fifth Third.
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Alan Childs pleaded guilty to using straw borrowers and falsified loan records to help a timber businessman secure millions in fraudulent loans.
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Former employees at First Horizon Bank and M&T Bank committed crimes by misappropriating customer data and stealing money from a customer's bank account.
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Andrew Foster, the bank's chief data officer, explained how he has been instilling data discipline across the organization and making the bank's data AI-ready.
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The Office of the Comptroller of the Currency will announce Senior staffers overseeing large, regional and community banks early next month, apparently reversing the unified approach to supervision it implemented earlier in the year.
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Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.
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