BOSTON - (01/10/05) -- A former payroll supervisor at theChildren's Museum pleaded guilty Friday to stealing more than$200,000 form the museum and numerous fellow employees, thenlaundering the money through her and her mother's credit unionaccounts. Nicole Bartlett, 44, confessed to preparing, endorsing,then depositing 440 unauthorized checks, much of which shedeposited in her account at Rockland FCU, or joint accounts sheheld with her mother at the credit union. Bartlett, who was firedin March 2003 when the scheme was uncovered, faces up to 10 yearsin prison when she is sentenced on March 31.
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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.
February 9 -
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.
February 9 -
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.
February 9 -
Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
February 9 -
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.
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