Fraud losses

Former Dallas FHLB execs sentenced to prison on fraud charges

12/23/19

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

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

10/08/19

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

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

09/26/19

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

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Berkshire Hills discloses issue with commercial loan

09/23/19

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

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California bank warns of large fraud-related charge-off

09/17/19

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.

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Chemung in N.Y. discloses exposure to loan default

09/13/19

The loan participation has been flagged for potentially fraudulent activity.

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

09/11/19

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

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Banc of California warns of big charge-off tied to commercial client

09/10/19

The unnamed borrower was the victim of an alleged scam by another company.

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Pennsylvania bank works to stem damage from CEO’s fraud arrest

05/31/19

While Noah Bank’s CEO has been accused of self-dealing in connection with SBA loans, its chairman says the directors had a succession plan ready to go and are rallying to rescue the bank’s reputation.

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Banks face collateral damage from clean energy firm's bankruptcy

03/08/19

Several banks could lose money over tax credits tied to DC Solar, a California firm wrestling with a fraud claim.

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