MACON, Ga. – A former teller at MidSouth FCU yesterday pleaded guilty to embezzling $624,608 from the credit union and using the money to gamble, take European vacations and make car payments, among other expenses.
Lisa Cox, 48, had worked for the credit union for 17 years, most recently at the Mercer University Drive branch.
A surprise audit in 2007 uncovered missing money.
To cover her tracks, Cox made false entries in vault and teller drawer records, according to prosecutors.
The top five banks and thrifts have combined total assets of nearly $13 trillion.
The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
Lawmakers including one of the original sponsors of the Corporate Transparency Act have filed an amicus brief in the appeal against an Alabama court ruling that the law is unconstitutional, which would throw into question Treasury's newly-established beneficial ownership structure.
The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.
The two regional banks are anticipating that borrower demand will increase in the back half of the year. High interest rates and economic uncertainty have been muting the appetite for borrowing.
