WAUSAU, Wis. - (04/18/05) -- A local woman who opened a checkingaccount at Cloverbelt CU with less than $20, then wrote 130 checksin 15 days for $16,000, was sentenced Friday to three-and-a-halfyears probation. Janis Long, 22, opened a checking account in March2003 and received 10 starter checks and 150 personalized checks andused almost all of them in the next two weeks, writing checks toindividuals and gas stations and local grocery stores. Long pleadedguilty to three felony counts of issuing worthless checks. As partof her plea agreement she is barred from opening or maintaining achecking accounts.
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The top five banks and thrifts have combined total assets of nearly $13 trillion.
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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Lawmakers including one of the original sponsors of the Corporate Transparency Act have filed an amicus brief in the appeal against an Alabama court ruling that the law is unconstitutional, which would throw into question Treasury's newly-established beneficial ownership structure.
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In a letter to Treasury Secretary Janet Yellen last week, the Massachusetts senator highlighted the growing use of cryptocurrencies by malicious organizations abroad and underscored the need for anti-money-laundering and counterterrorism provisions in future proposals.
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