February 12, 2024
Flagstar Bank has urged a New York federal judge to toss a cash advance lender's suit that seeks millions of dollars allegedly stolen from its account at Signature Bank years before the bank failed, saying the theory that Flagstar should be on the hook for Signature's liabilities as its acquirer is "nonsensical."
May 05, 2023
The Federal Deposit Insurance Corp., acting as receiver for Signature Bank, has moved to federal court a lawsuit brought by a cash advance lender that claims bank employees illegally diverted nearly $3.5 million out of its accounts.