News

1 min read

Former Bank Employee Arrested After Showing Off Stolen Cash and Fraud Auto Loan on Instagram

December 15, 2019 Cucolle1

CHARLOTTE, N.C. – A criminal indictment was unsealed this week in federal court in...

1 min read

Milwaukee Fraudster Defrauds Banks of Almost $500,000 Using CPN’s

December 10, 2019 Royal Ellsworth

Milwaukee, WI – 10 December 2019 – A Milwaukee man is facing 22 felony...

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House Passes Bill Targeting Robocalls – NAFCU Wants CUs Protected

December 5, 2019 Royal Ellsworth

Washington, DC – 5 December 2019 – Lawmakers in the House Wednesday, in a...

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CFPB, FTC to Host Consumer Reporting Workshop

November 26, 2019 Cucolle1

26 November 2019 – The CFPB and Federal Trade Commission (FTC) are hosting a...

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Understanding the New CALIFORNIA CONSUMER PRIVACY ACT – 19 November 2019

November 12, 2019 Cucolle1

And its effect on financial institutions inside and outside California In 2020 California will...

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Experian: An Update on the Proposed CFPB Debt Collection Regulation

October 30, 2019 Cucolle1

To provide consumers with clear-cut protections against disturbance by debt collectors, the Consumer Financial...

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Consumer Credit Reporting Requirements for CUs

October 28, 2019 Royal Ellsworth

The CFPB, in its recently released supervisory highlights, detailed issues with consumer report information...

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Experian’s Top 25 Cities for Late Payments

October 21, 2019 Royal Ellsworth

Experian – As credit scores in the U.S. maintain record highs, the number of...

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ALS Resolvion Launches Impound Pro, a True “End-to-End” Impound Processing Service

October 2, 2019 Royal Ellsworth

FOR IMMEDIATE RELEASE Charlotte, NC, October 2, 2019 – ALS Resolvion (ALSR), one of the...

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NCUA Bans 7 from Future FI Work

October 1, 2019 Royal Ellsworth

1 October 2019 – The NCUA in September issued five prohibition notices and two...

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Dealership VP Pleads Guilty to $3M+ Fraud Scheme Involving Non-Existent Porsche Models

September 24, 2019 Royal Ellsworth

16 September 2019 – On September 13, 2019, a former salesman for Copans Motorsports...

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NAFCU Details Concerns with CFPB’s Debt Collection Proposal

September 18, 2019 Cucolle1

19 September 2019 – Highlighting a number of “indirect effects” credit unions – which...

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Man Sentenced To 97 Months for Role in International Credit Card Fraud Ring

September 15, 2019 Cucolle1

FOR IMMEDIATE RELEASE LAS VEGAS, NV – September 5, 2019 – A man who...

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Former Loan Officer Pleads Guilty in Fraudulent Loan Scheme

September 10, 2019 Cucolle1

FOR IMMEDIATE RELEASE Memphis, TN – September 4, 2019 – A former loan officer...

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Former CU VP Sentenced to Almost Three Years in Federal Prison for Credit Union Theft

September 9, 2019 Cucolle1

FOR IMMEDIATE RELEASE Gulfport, Miss. –  Friday, August 30, 2019 – Merrideth Christina McMillian,...

1 min read

Fraud Goes Mainstream – “The Fraud Bible”

September 4, 2019 Cucolle1

Fraud, the constantly evolving and ever-present nemesis of collectors and lenders alike, had once...