Federal ReserveNews

Federal Reserve Board announces it has prohibited five former bank employees from future employment in the banking industry for fraudulently…

October 13, 2022

Federal Reserve Board announces it has prohibited five former bank employees from future employment in the banking industry for fraudulently obtaining loans and grants administered under the Coronavirus Aid, Relief, and Economic Security (CARES) Act

For release at 11:00 a.m. EDT

    The Federal Reserve Board on Thursday announced that it had prohibited five former bank employees from future employment in the banking industry for fraudulently obtaining loans and grants administered under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

    The individuals are Lexus Clark and Arneita Glenn, both formerly of Ally Bank, Detroit, Michigan; Erica

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