Fraud losses

Former Dallas FHLB execs sentenced to prison on fraud charges


Two former officials were sentenced to five years each for falsifying travel expenses and lying to authorities.


Fake ID fraud is declining, but small lenders are still vulnerable


Though synthetic identity fraud is down across the industry, there's been an uptake in such attacks targeting credit unions.


FDIC to conduct in-depth review of suspicious Texas bank failure


An initial review determined that lax oversight at Enloe State Bank allowed for the origination of more than 100 allegedly fraudulent or fictitious loans.


Berkshire Hills discloses issue with commercial loan


The Boston company said the loan participation went into default due to potentially fraudulent activity.


California bank warns of large fraud-related charge-off


Private Bancorp of America is the latest bank to report a borrower issue in connection with a high-profile fraud case tied to liquor licenses.


Chemung in N.Y. discloses exposure to loan default


The loan participation has been flagged for potentially fraudulent activity.


Pioneer in N.Y. issues warning on potential client fraud


The company says its exposure involves a participation loan to a business customer for which it was the originator.