Fraud losses

The Credit Union National Association has partnered with the group to help distribute the platform to financial institutions free of charge.

A recent study shows credit unions are likely to be increasingly reliant on vendor partners if they want to maximize efficiency and security in the account-opening process.

Lawmakers must hold merchants accountable when credit unions are left cleaning up the mess after data breaches.

Several banks could lose money over tax credits tied to DC Solar, a California firm wrestling with a fraud claim.

The National Credit Union Administration issued a prohibition order against Deborah Peters, who worked at Wilkes-Barre City Employees Federal Credit Union.

Despite strong performance in the industry overall, analysts expect regulators to shutter more institutions in the years ahead.

In a plea agreement, Kam Wong consented to forfeit and repay more than $9.8 million embezzled from the New York credit union. He is scheduled to be sentenced in April 2019.

Examiners could have done more to minimize the brunt to the Deposit Insurance Fund from Washington Federal Bank for Savings, which hid fraudulent loans and will cost the fund more than $80 million, according to a report from the Treasury’s inspector general.

Fred Daibes and an associate allegedly conspired to fraudulently obtain loans from Mariner's Bank, a New Jersey institution he helped found.

The quartet of former credit union staffers all pleaded guilty, were sentenced to prison time and forced to pay a total of more than $1.5 million in restitution.