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WHEELING, W.Va.—Kathleen Gramlich the former executive director at the $5.7-million Ohio County Public Schools FCU, was charged in federal court Thursday with embezzlement.

SACRAMENTO, Calif.–The California Attorney General's Office said it has launched a criminal investigation into Wells Fargo related to a widespread, years-long scam involving allegations it opened millions of unauthorized customer accounts and credit cards.

WASHINGTON—Sen. Jeff Flake (R-AZ) and Rep. Blaine Luetkemeyer (R-MO) have written to NCUA Board Chairman Rick Metsger asking for answers by Nov. 1 on how the agency has addressed impacts associated with the practice of financial institutions’ “de-risking,” or terminating certain accounts due to potential risks.