New Jersey Mortgage Lending Employees Charged in Fraud Scheme
NEWARK, NJ – Christopher J. Gallo, 44, of Old Tappan, New Jersey, and Mehmet A. Elmas, 32, a U.S. citizen residing in Turkey, have been charged with conspiracy to commit bank fraud,…
Raskin tells Senate it is not Fed’s job to prescribe bank lending
By Pete Schroeder WASHINGTON – Sarah Bloom Raskin, President Joe Biden’s pick to lead the Federal Reserve’s regulatory work, plans to tell lawmakers she does not believe the role includes telling banks…
Euro zone corporate lending growth continues to accelerate
FRANKFURT – Lending to euro zone companies accelerated for the fourth straight month in December, reversing a mid-year dip, European Central Bank data showed on Friday. Lending to euro zone businesses expanded…
Former Chief Lending Officer of New Jersey Bank Sentenced to 18 Months in Prison for Making False Statements to United States to Secure Federal Guarantees on Loans
TRENTON, N.J. – A Pennsylvania man was sentenced today to 18 months in prison for securing a federal guarantee on certain loans by making false statements to the Small Business Administration (SBA)…
Justice Department Settles with State of New Jersey’s Student Lending Authority for Alleged Violations of Servicemembers Civil Relief Act
NEWARK, N.J. – The Department of Justice announced today that the New Jersey Higher Education Student Assistance Authority (HESAA) has agreed to enter into a settlement and pay $50,000 to resolve allegations…
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