BATON ROGUE, La. - (04/03/06) Two ex employees of Campus FCU and ason of one of the ex-workers have been indicted on charges ofapproving members get more than $600,000 in loans for which theywere not qualified in exchange for kickbacks. Prosecutors arecharging that approximately 80 members were approved for about 100loans for which they were not qualified. The relative of one of theemployees is being charged withhelping borrowers claim they hadjobs they didnt have or better-paying jobs than theyactually had.
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The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
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Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
September 11 -
The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
September 11 -
Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
September 11 -
Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
September 11 -
The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
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