After the NCUA approved Elevate's name change in 2018, the CU believed there would be "no legal issues with its rebranding."

One juror questions the prosecution of the 82-year-old Robert Francis Krebs, who faces up to 25 years in prison.

Kraninger assures the committee that financial agency heads are communicating about the issues.

"As new ITMs roll out across the U.S., it should come as no surprise that they will also be targeted by fraudsters."