FORT MYER, Fla. - (07/21/05) -- A credit union robber was trackeddown this week because of his choice of stationery. The suspect,identified as Edward Braxton, 38, entered the local branch ofSuncoast Schools FCU on July 11 and handed the teller a notedemanding cash before making off with $335. Braxton was identifiedeasily because the hold-up note was written on the back of hisfriend's stationery with his friend's name printed on it. Policelocated the man who led them to Braxton. Braxton was later pickedout of a lineup by credit union employees and his fingerprints werematched to those taken from the scene.
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By training a core payment card fraud-detection platform on more than 15 billion transactions, the card network is honing the accuracy of warnings sent to issuers about suspicious purchases.
3h ago -
Rep. Andy Barr, R-Ky., is introducing a bill to establish an Office of Supervisory Appeals at each of the banking regulators and that would give banks more power over the appeals process.
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Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
May 6 -
The Minneapolis-based company has promoted Kedia to president, a role that CEO Andy Cecere and his predecessor both held before being named to the top job.
May 6 -
The Consumer Financial Protection Bureau's overdraft proposal would set fees at $14. With fee income under attack from many sides, bankers say they would have to further restrict credit.
May 6 -
In a surprise move, the Federal Deposit Insurance Corp., Office of the Comptroller of the Currency and Federal Housing Finance Agency proposed a long-awaited rule to curb certain incentive-based pay arrangements for bank executives.
May 6