
Lessons Learned From Abacus FSB
Yes, film can be instructive as well as entertaining. Last week at the Toronto International Film Festival, a film premiered about Abacus Federal Savings Bank, which was the only bank to be indicted for mortgage fraud relating to the 2008 financial crisis. Abacus FSB's story highlights some important lessons for credit unions when it comes to providing sufficient documentation when underwriting loans. [9/21/16]