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By Heather Anderson |
December 11, 2012
Big bank accommodated money flow for Mexican drug traffickers, allowed customers to conduct business with sanctioned countries, including Iran.
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October 31, 2012
The U.S. Justice Department is suing Bank of America over alleged mortgage fraud perpetrated against Fannie Mae and Freddie Mac by Countrywide, the giant mortgage originator purchased by Bank of America.
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By David Morrison |
October 24, 2012
Suit says Countrywide, later purchased by Bank of America, ran a 'Hustle' that led to losses taxpayers shouldered.
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By Claude R. Marx |
October 3, 2011
Former St. Paul Croatian FCU President/CEO Anthony Raguz, whose actions helped trigger one of the largest credit union failures in history, pleaded guilty on Sept. 29 to six criminal counts, including bank fraud, money laundering and bank bribery in federal court in Cleveland.
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By David Morrison |
September 14, 2011
The final deadline for ATMs to be compliant with the Americans with Disabilities Act is approaching. While many CUs have already taken steps to have their machines ready, others have not, according to industry executives.
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By David Morrison |
September 14, 2011
A new association of smaller, independent ATM deployers may provide credit unions with an additional ally on certain ATM regulatory fights, according to an executive with the new trade group.
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By Claude R. Marx |
May 23, 2011
More than a year after St. Paul Croatian Federal Credit Union was conserved and liquidated because of losses from fraud, there have been indictments, federal and international investigations and money hunts, and a lawsuit against the NCUA.
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By Jim Rubenstein |
May 23, 2011
The troubles at Nevada’s Silver State Schools Credit Union, which include a 2% pay cut in September, reverberated across the state again last week.
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By David Morrison, Claude R. Marx |
March 16, 2011
Overturning a proposed debit interchange cap on legal grounds may set a precedent against exempting credit unions from future regulations that affect large banks and other financial institutions.
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By David Morrison |
October 13, 2010
The U.S. Justice Department announced last week that a long-running antitrust investigation against the three largest card brands has ended in a settlement with two of the three and litigation against the third.
