DES MOINES, Iowa – A former loan officer at Veridian CU was sentenced to 10 years in prison for a loan scheme that drained more than $95,000 from the credit union. Autumn Rubino, 32, was a senior loan officer at the credit union’s Hy-Vee grocery store branch when she stole personal member information from relatives and acquaintances to draw cash advances from their credit cards into her own account. She also applied for credit cards in other peoples’ names.
The $736 million Orange County bank had faced a smattering of enforcement actions over the years, including for concentration risks, governance issues and questionable insider transactions.
As the U.N. renews its call for $1.3 trillion a year in climate finance, four leaders in climate finance say the biggest question for advisors is where that money goes.
The National Association of Insurance Commissioners responded to a query from Sen. Elizabeth Warren about risks to policyholders stemming from private-equity ownership of life insurers.
The platform had a lawsuit filed against it by New York officials this week as the latest in a series of cases against prediction markets on the state level.
The Canadian bank's U.S. operations experienced challenges following a large acquisition on the West Coast. But the bank is now making good progress, according to a top BMO executive.
As AI threatens firms' lucrative business managing uninvested cash, Schwab gives its RIA partners a new way to keep clients' cash holdings sticky.
