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CHICAGO—New data show a big jump in synthetic ID fraud for auto lending, and TransUnion believes the issue is lenders are moving too fast to close loans—and crooks know it.

EDGEWOOD, Md.—The $2.4 billion APG Federal Credit Union has named Becky Smith president/CEO.

SHELTON, Wash.—After leading $670-million Our Community Credit Union for one year, Ryan Drake is out as president/CEO, and Bert Fisher, who preceded Drake, is back at the helm on an interim basis, the organization stated on its website.

MIDDLETOWN, Ohio--NCUA Friday placed $10.3-million Butler Heritage Federal Credit Union here into conservatorship, the agency announced.

PHILADELPHIA—Data show credit unions encounter consumer loan fraud at a much greater rate than other lenders, one expert is pointing out.

LOS ANGELES—The California Department of Financial Protection and Innovation, FDIC, NCUA, Federal Reserve Board and the OCC have issued a joint statement on supervisory practices regarding FIs impacted by the California wildfires and high winds.

WASHINGTON—The Consumer Financial Protection Bureau has sued $480 billion Capital and its parent holding company, Capital One Financial Corp., for “cheating” millions of consumers out of more than $2 billion in interest, the agency announced.

WASHINGTON—The CFPB has issued a new report that found significant differences in the likelihood that homeowners with a mortgage are adequately insured against flooding based both on location and on income and assets, the Bureau said.