In January, 16 individuals were indicted in a $10 million federal income tax fraud scheme that was initially uncovered by the $262 million Widget Financial Federal Credit Union in Erie, Pa. last spring, according to federal prosecutors.
Widget Financial FCU uncovers $10M scheme by individuals who tried to open 3,493 accounts at 443 banks and credit unions.
A total of $12,820 in civil money penalties will go to the U.S. Treasury.
Texas Congressman says CFPB should choose a less costly alternative such as selling the building to the highest bidder.
Stabilization Fund and other obligations must be paid before regulator can pay credit unions.
ARLINGTON, Va. — A U.S. Treasury official who spoke at a symposium on credit union cybersecurity reiterated that credit unions should be doing more to defend their operations against attacks.
What are the four most important things an NCUA board member, new to the industry, should know?
The NCUA's newest board member is brand new to the industry.
Only two of the 44 late in the second quarter are repeat offenders from the first quarter.
Effort aims to highlight the early days and creation of community development financial institutions.