MEDFORD, Ore. - (07/25/05) -- For California residents werearrested at a local auto dealership last week after they tried topull a new paper money scam during visits to at least seven areacredit unions and banks. The four, charged with 88 counts ofcriminal possession of a forged instrument, were tracked down aftera call from a Rogue FCU official telling police they had tried toexchange torn $100 bills for new money. The suspects took pair of$100 bills, tore them apart, then used pieces of each one to makewhat appears to be three $100 bills, then tried to trade them infor $300 in new money, according to police. More than 80 alteredpieces of U.S. Currency was found in the suspect's car, policesaid.
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In the inaugural iteration of American Banker's news quiz, test your knowledge on top articles covering the legal battles of the Consumer Financial Protection Bureau, new technology testing at JPMorgan Chase, earnings season and more.
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To build their executive presence in meetings and on video calls, junior employees should embrace flexible schedules — and possibly media training, Michelle Young of Worldpay and Anna Greenwald of MoneyGram International said at American Banker's Payments Forum.
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
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The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
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The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
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Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
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