An institution that calls itself First National Bank, reportedly located on 9th Street in Minneapolis, Minn., is not a national bank even though it presents itself to be one, the Office of the Comptroller of […]
A former general counsel of a New Orleans bank was charged with conspiracy to defraud the financial institution he once worked for, and which failed, the Department of Justice and the Federal Deposit Insurance Corp. […]
A former president and board chairman of a now-defunct Oklahoma bank was sentenced to four years in federal prison for making a false statement to the Federal Deposit Insurance Corp. (FDIC) and was ordered to […]
The former chief executive of a $390 million New Jersey bank and an accomplice have been charged with a scheme to obtain nominee loans from the bank – a charge which included using a false […]
The growth of the value of noncash payments fraud outpaced the overall growth of the value of noncash payments made during 2012-2015, according to the results of a Federal Reserve study released Tuesday. The survey […]
An Iowa banker pleaded guilty last month to obstructing the examination of his bank by backdating a refinancing loan to block an investigation by the Federal Deposit Insurance Corp. (FDIC), according to the U.S. Department […]
A California firm has been sued by the federal consumer financial protection agency for failing to present its products to elderly and disabled customers as loans, when in fact they were, the agency said Thursday. […]
A California was sentenced to nearly five years in prison – and ordered to pay more than $5 million in restitution — for fraudulently obtaining more than $11 million in bank loans to by a […]
Two former Oregon bank executives were sentenced to prison Wednesday for conspiracy to commit bank fraud and falsifying bank entries, reports, and transactions, the result of a joint investigation by the federal bank deposit insurance […]
Two actions in which the Federal Deposit Insurance Corp.’s (FDIC) office of inspector general (OIG) partnered with federal law enforcement have resulted in a recent conviction and a recent indictment, the office said Tuesday. In […]
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