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By Heather Anderson |
September 25, 2012
The NCUA on Tuesday filed its ninth securities fraud lawsuit in connection with the collapse of U.S. Central and WesCorp.
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By Heather Anderson |
September 24, 2012
California credit union latest to win dismissal of suits alleging ordering of transactions to maximize fee income.
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By Heather Anderson |
September 19, 2012
Credit union CEO said accused former lawmaker had charged-off credit card balance but no fraud; authorities did not contact him before filing charges.
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By Heather Anderson |
September 18, 2012
Carl Edward Washington arrested, charged with defrauding three financial institutions, including two credit unions, in the Los Angeles area.
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By David Morrison |
September 17, 2012
A retail group which was not a party to the original anti-trust fight between retailers and major card brands and card issuers over credit card interchange said it is moving closer to taking legal action to try and block a settlement in that case.
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By David Morrison |
September 11, 2012
National Retail Federation exploring intervention, not a party to the original legal fight.
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By Heather Anderson |
September 10, 2012
Ignacio Morales, former CEO of the $7 million Borinquen Federal Credit Union, pleaded guilty Sept. 4 to embezzling $2.3 million and causing the institution’s 2011 collapse. And, according to court documents, a former board member may also be guilty of defrauding the community development credit union.
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By Heather Anderson |
September 6, 2012
Lawsuits pile up against Wall Street banks in corporate collapses. Three settled so far.
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By Heather Anderson |
August 30, 2012
Ignacio Morales, former manager of the failed $7 million Borinquen FCU in Philadelphia, had a good reason to not show up in court on embezzlement charges.
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By Michelle A. Samaad |
August 30, 2012
Credit union found not liable for continuing contract with JM Floyd after company says automatic renewal followed merger.
