A new bank funds transfer scheme uses a mixture of phishing, malware and phone calls.
New alliance promises to create a next-generation digital banking experience for credit unions.
Payveris partners with a transaction processing information firm to educate financial institutions about P2P.
Bureau also seeks input on how to highlight positive consumer experiences.
Former credit union manager Linda Sue Newcomb pleaded guilty Friday to embezzlement, bank fraud and aggravated identity theft charges in a $10 million loan fraud scheme that led to the May 2013 collapse of the $13.8 million Lynrocten Federal Credit Union in Lynchburg, Va.
Linda Sue Newcomb signs a plea agreement and faces seven to 12 years in federal prison.
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.