News

1 min read

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...

3 min read

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...

1 min read

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,...

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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...

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Fictitious Auto Fraud Ring Sentenced for $1.7M in Credit Union and Bank Losses

August 18, 2019 Cucolle1

Fraudsters Secured Funds on 80 auto loans, totaling approximately $2.7M in attempted fraud, and...

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July Bankruptcy Filings Increase 3 Percent Over Last Year

August 9, 2019 Cucolle1

Alexandria, Va.— Total U.S. bankruptcy filings increased 3 percent in July 2019 from July...

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CFPB and the New York AG Settle with Debt Collection Group

July 29, 2019 Cucolle1

Washington, DC – 25 July 2019 – The Consumer Financial Protection Bureau (Bureau) and...

1 min read

Synthetic ID Fraud, Bust-Out Schemes Detailed by NAFCU

July 9, 2019 Cucolle1

“Synthetic identification fraud appears to be one of the fastest-growing type of identity theft...

1 min read

Credit Union VP Pleads Guilty to Fraud

July 4, 2019 Cucolle1

Defrauded Credit Union of Over $3M FOR IMMEDIATE RELEASE Louisville, KY – 2 July...

1 min read

Collection Agency Owner Sentenced to 6 Years in Prison for Fraud Against Credit Unions

July 2, 2019 Cucolle1

FOR IMMEDIATE RELEASE Sacramento, CA – 2 July 2019 – The owner of a...

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Credit Union Files Lawsuit Against Dealership for Inflated Incomes

June 26, 2019 Cucolle1

Charlotte, NC – 25 June 2019 – A lawsuit filed against Kia of Gastonia...

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$5M Auto Loan Fraud and Theft Ring Busted in San Diego County

June 25, 2019 Cucolle1

21 Arrested – Largest in County History San Diego, CA – 21 June 2019...

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Attempted CU Check Fraudster Arrested

June 18, 2019 Cucolle1

Credit Union Manager’s Suspicion Thwarts Scam Gainesville, FL – 23 year old Kendrick Smith...

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SSA Launching New Synthetic ID Detection Service

June 11, 2019 Cucolle1

With the explosion of synthetic identity fraud across the United States, the need for...

1 min read

FCC Moves Ahead with Autodialer Call Blocking Ruling

June 6, 2019 Cucolle1

Autodialer Assisted Collections Calls May Be Hardest Impacted On the FCC’s website, it was...