Although the NCUA recently announced it is developing new exam procedures to improve the identification of fraud risk indicators, especially at small institutions, experts agree fighting fraud requires a team effort that includes active boards, strong supervisory committees and stiff internal controls.
Border Lodge CU liquidated; U.S. Attorney says loss attributable to Debra Kinney "will be at least several hundred thousand."
Debra Kinney indicted for alleged embezzlement from now liquidated $3.1 million Border Lodge Credit Union,
"Switch kits" get a workout as disaffected bank customers move on in, many from Bank of America.
Half of the respondents in a 14-country survey about fraud concerns cited cards as their main worry, yet 10% of them in the U.S. said they carry their PINs with those same cards.
Consumers worldwide worry about card fraud while many of them still carry PINs with them, according to a recent survey.