Karl K. Klessig provided a fraudulent loan document and forged a signature in an application last year to acquire control of Golden Pacific Bancorp, according to the Federal Reserve.

The data breach, which occurred over a two-day period last December, is the largest disclosure by a mortgage lender this year.

The firms respectively settled the regulator’s allegations about suspicious activity reports and the duty of best execution — two major areas of emphasis.

Launch Credit Union claims it reduced fraud by 97% after adopting a real-time solution in 2020.