KENSINGTON, Md. — The $319 million Lafayette Federal Credit Union has denied there was any obstruction of an April on-site audit of the credit union and said that former Chief Compliance Officer Lawrence Hart resigned because he knew he could have been fired.

Responding to the allegations Hart made in his resignation letter, Lafayette Chairman Arnold Rosenthal said that Hart had been given “carte blanche” to help the credit union comply with the Bank Secrecy Act and had failed to do so.

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