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VALDOSTA, Ga. – The former president and the former controller of Southern Pine Credit Union in Valdosta both pleaded guilty to long-running multimillion-dollar bank loan and aggravated identity theft schemes, according to the U.S. Attorney’s Office for the Middle District of Georgia.

WASHINGTON—Sollers College and its parent company, Sollers Inc., have been ordered to cancel $3.4 million in student debt to resolve separate charges brought by the Federal Trade Commission and the state of New Jersey, which said the companies “lured” prospective students to enroll by “falsely” touting their job-placement rates and that their relationships with prominent companies would lead to jobs after students graduate, the FTC said.

WASHINGTON—Complaints related to robocalls and unwanted live telemarketing callas have decreased to a five-year low, according to the newly released National Do Not Call Registry Data Book for Fiscal Year 2023 from the Federal Trade Commission (FTC).

WASHINGTON — Ninety-seven percent of consumers rate their bank’s online and mobile app experience as “excellent,” “very good,” or “good,” according to a national survey released by the American Bankers Association. The survey was conduct on the ABA’s behalf by Morning Consult.

WASHINGTON—Credit unions will be watching today to see if a new NCUA board member will be confirmed by the Senate to join the board.

LONDON—The U.K.’s new digital asset marketing rules are now in place, bringing digital asset promotion rules in line with those applying to more traditional financial assets, according to a new report.