An irate judge threw the Federal Reserve another curve ball during an Aug. 14 hearing when he gave the regulator until Aug. 21 to persuade the court why its 21-cent interchange debit cap should not end.
Class action status also ordered in case over alleged unauthorized change in credit life disability insurance rates. Insurer pays $116,000 fine.
Angry Judge Richard Leon tells Fed its attorneys can "came come off vacation" and raises specter of damages from overcharges.
Papers to seize million-dollars suburban Cleveland home served on wife of fugitive former CEO Alex Spirikaitis.
Mark Fetcher doesn’t care why New London Security Federal Credit Union failed back in 2008.
Vincas Urbaitis, a former board director of the now-shuttered Taupa Lithuanian Credit Union, said he has been doing a lot of thinking lately about how he and six board members were double-crossed by Alex R. Spirikaitis, their former CEO.
This preview from our Aug. 14 print edition looks at how board members of the failed credit union say they were misled by fugitive CEO.
Retired surgeon uses coins to pay back settlement over son's death following appeals court realing.
Trades also indicate possible appeal after federal court throws out Fed's 21-cent cap.
After a quick two-day retrial before re a judge, former United Food and Commercial Workers Local 1776 FCU CEO Anne L. Clyburn was convicted June 28 on 12 counts that she used credit union checks to pay personal dental bills.