HARRISBURG, Pa.—Jeremy Antuan Boria Fraticelli, the alleged ringleader of a central Pennsylvania fraud ring that targeted credit union and bank customers, has been sentenced to one year to 23 months in prison, followed by five years of probation, after pleading guilty to corrupt organizations, identity theft and theft charges, according to Pennsylvania Attorney General Dave Sunday.
WASHINGTON— President Donald Trump said his administration will look into how banks are handling payments and debt treatment for borrowers affected by the Los Angeles wildfires, singling out Wells Fargo as being “very difficult to deal with” after meeting with Los Angeles Mayor Karen Bass and Los Angeles County Supervisor Kathryn Barger, according to Reuters.
WASHINGTON--This week, the Defense Credit Union Council, through its Defending Credit Unions National Advocacy Fund, launched of a targeted advocacy campaign during the ICBA Washington Summit.
WASHINGTON— Congress on Thursday approved legislation to restore funding to most Department of Homeland Security agencies, ending a record 76-day lapse for operations outside immigration enforcement, POLITICO reported.
WASHINGTON— The CFPB on Thursday finalized a rewrite of its small business lending data rule that strips out a Biden-era requirement for FIs to collect demographic information from borrowers, according to a Federal Register notice.
WASHINGTON– Homebuyer affordability declined in March, with the national median payment applied for by purchase applicants increasing to $2,131 from $2,061 in February, the Mortgage Bankers Association's reported.
MCLEAN, Va.-- The 30-year fixed-rate mortgage ticked higher this past week, averaging 6.30%, Freddie Mac said.
OCEANSIDE, Calif.—The $1.7-billion Frontwave Credit Union has reported a data breach involving member names and Social Security numbers after one of its service providers inadvertently disclosed non-public information to another credit union, according to a notice filed with the California Attorney General’s Office.
WASHINGTON—Fresh warnings from regulators and bank executives across the Asia-Pacific region are reinforcing what may be the clearest message yet for U.S. financial institutions: Anthropic’s Claude Mythos is rapidly moving from experimental cybersecurity tool to a potentially major new source of cyber risk, with concerns now escalating from supervisory circles to the White House.
WASHINGTON— The U.S. economy grew at a 2.0% annualized rate in the first quarter, rebounding from the prior quarter’s 0.5% pace but coming in slightly below economists’ expectations, as a sharp pickup in business investment helped offset weaker consumer spending and a drag from trade, according to the Bureau of Economic Analysis’ advance estimate released Thursday.
