The former assistant manager of the $40 million Wilkes-Barre City Employees Federal Credit Union and a police officer approached individuals to use their name to apply for loans, and then refinanced those loans or added debt to them without the individual's knowledge, according to federal indictments.
The former assistant manager and four members of the $40M Wilkes-Barre City Employees FCU plead not guilty to a straw loan scheme.
Scott Pluta tells his consumer response team House hearings are just political theater.
Two city police officers are among the members accused of defrauding the $40 million Wilkes-Barre City Employees FCU in Pennsylvania.
Experts say credit unions must focus more on the MRM big picture and less on the software's technology.
As benefits costs skyrocket, more credit unions turn to pre-funding programs.
The owner of two online payday loan businesses that charged interest rates ranging from 89% to 169%, plus fees, will no longer be doing business in Pennsylvania.
Melissa Rae Rosing receives a prohibition order after pleading guilty to theft from the $15M Southwest Communities FCU.
Blaine says he prefers CFPB to NCUA. Cheney opposes leaving just one credit union under CFPB supervision.
If the Toomey-Donnelly bill passes, only Navy FCU would be directly supervised by the CFPB.