Although it will be at their own pace and on their own terms, millennials will borrow to buy cars.
In January, 16 individuals were indicted in a $10 million federal income tax fraud scheme that was initially uncovered by the $262 million Widget Financial Federal Credit Union in Erie, Pa. last spring, according to federal prosecutors.
Widget Financial FCU uncovers $10M scheme by individuals who tried to open 3,493 accounts at 443 banks and credit unions.
Take a look back at the biggest hacks, attacks and breaches of the year.
Judge says consumer suit can proceed because victims suffered actual losses.
Rule would allow two new same-day settlement windows for three ACH network settlements each day.
Center for Financial Service Innovation estimates underserved consumers spent $1.3 trillion on financial products and services.
An estimated 70% of Jamaicans are unbanked, but 67% have smartphones. Mobile wallets are an obvious solution.
A U.S. District Court judge in Alexandria, Va., sentenced Timothy J. Coughlin, 63, of Indianapolis to more than seven years in federal prison the week of Oct. 20 for embezzling $10 million through a fake credit union.
Timothy J. Coughlin embezzles $10 million through a bogus credit union, receives seven-year sentence.