BEL ALTON, Md. - (09/13/04) -- One of two suspects in an August 21hold-up at Cedar Point FCU was arrested last week after heallegedly tried to buy a used car with $12,000 in cash stolenduring the heist. Cornelius Chase, 43, released from prison inFebruary, is believed to be one of two men who approached threecredit union employees opening the credit union for the day,ordered them inside at gunpoint, then forced them to open the safe.The two men made off with $150,000. After arresting Chase, policefound $48,000 in cash in the suspect's hotel room that they believewas stolen from the credit union. Police also learned Chase boughtanother car and paid for it with more than $8,000 incash.
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A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
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Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
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The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
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Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
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Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
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The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
February 9





