Despite signing a non-disclosure agreement, a financial adviser downloads member info onto a flash drive and takes it to his new bank job.
Resolved portion dates back to 2012.
The $400 million First Heritage Federal Credit Union in Painted Post, N.Y. announced that Justin Michael Dildine has joined as a commercial loan officer. He will be responsible for developing new business banking relationships, including commercial lending, within the credit union’s three-county market area. Before joining First Heritage, Dildine was...
From East to West, Midwest and South, credit union people in the news.
The NCUA on Sept. 23 filed nine federal lawsuits in New York against eight banks over the sale of nearly $2.4 billion in mortgage-backed securities to failed corporates Southwest Corporate Federal Credit Union and Members United Corporate Federal Credit Union.
The $2.5 billion Northwest Federal Credit Union in Herndon, Va., is among the latest to receive approval to become an SBA lender.
Agency action in New York federal court on same day as NCUA goes after 13 global banks in Libor price-fixing scandal.
The NCUA announced Aug. 30 it filed a suit in Federal District Court in Kansas two weeks earlier against another Wall Street firm that the regulator said sold faulty mortgage-backed securities to failed corporates U.S. Central Federal Credit Union and Western Corporate Federal Credit Union.
The NCUA won a big legal victory Aug. 27 when the U.S. 10th Circuit Court of Appeals in Denver ruled the regulator can proceed with its claims against Wall Street firms over mortgage backed securities sold to the failed U.S. Central Federal Credit Union.
Agency announces Friday it sued Morgan Stanley on Aug. 16 over fault mortgage-backed securities.