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Recent NCUA prohibition orders have included restitution payments ranging from $14 million to $18 million, but it remains to be seen whether such stiff penalties will curb the incidence of fraud at CUs.
June 1 -
This is the second consecutive month that restitution payments for accompanying prohibition orders have exceeded $10 million.
May 31 -
That was just one of the five prohibition orders issued by the National Credit Union Administration in April.
April 28