NEW YORK–One person close to the massive fraud committed by Kam Wong, the former CEO at Municipal Credit Union, is alleging the wrongdoing may have involved more than just one person, due to its length and scope.
Fresh Today
SPOKANE, Wash.–Numerica Credit Union and the Spokane Parks and Recreation Department have reached an agreement giving Numerica naming rights to two of the biggest attractions in the city’s Riverfront Park.
ATLANTA–The $5.8-billion Delta Community Credit Union has expanded its field of membership to be able to serve the more than 400,000 people living or working n Douglas, Paulding and Rockdale counties, Georgia.
CHICAGO–A financial advisor here is suspected of stealing as much as $100 million from clients and investors.
CAMBRIDGE, Mass.–Credit card companies are using a new array of vast datasets to precisely profile credit applicants, provide more targeted customer service, and combat fraud, according to a study
WASHINGTON—Should the year-end data hold up, credit union membership in 2018 will have grown at its fastest rate since early in Ronald Reagan’s second term.
SCOTTSDALE, Ariz.–One analyst said it’s time to hit the brakes on some of the conclusions being drawn following the release of recent data related to auto loan delinquencies, suggesting some have been “twisting the truth” and even “lying” about the numbers.
WASHINGTON–The nation’s FDIC-insured commercial banks and savings institutions reported aggregate net income of $59.1 billion in the fourth quarter of 2018, up $33.8 billion (133.4%) from one year ago.
WASHINGTON—A senior Treasury Department official is challenging the idea that rapidly evolving financial technology will require a sweeping overhaul of rules governing payment services and the electronic transfer of funds between consumers, banks, merchants and others.
OAK BROOK, Ill.–The economy may still be strong, but at least one asset is seeing depreciation: kids’ first teeth.