A flash drive containing member data from the $13M Palm Springs FCU is lost during an NCUA exam.
The $3.6M North Dade Community Development FCU violated BSA and Patriot Act regs for five years.
It was George E.P. Box, the eminent statistician, who said, “Essentially, all models are wrong but some are useful.”
The NCUA accuses DB of failing to meet trustee obligations when it sold bad securities to failed corporates.
Regulator says proposed interest rate risk rule likely to come in the first half of 2015.
From 2009 to 2013, 46% of CUNA Mutual bond claims paid involve employee dishonesty.
From 2009 to 2013, 46% of claims paid involved employee dishonesty, the company said.
Examiners and impossible due diligence requirements blamed for closure of state-legal marijuana business accounts.
CUNA Mutual, the NCUA and trades respond to the CFPB's announcement it will review checking account screening procedures.
NCUA says onsite WesCorp and other corporate examiners were limited by regs, not influenced by executives.