DES MOINES, Iowa – A 33-year-old man who was tracked with his partner to Yellowstone National Park after last May’s armed robbery at Community First CU, in Oscaloosa, was sentenced Monday to 16 years in prison. Aaron Rafferty, who was armed with a sawed-off shotgun during the hold-up, and his accomplice, Justin Shrader, were captured by park rangers more than a month later in Yellowstone after a hit-and-run car accident. Shrader’s trial is still pending.
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The Boston-based bank is the second bank in three months to face pressure to sell by the activist investor group HoldCo Asset Management.
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Comptroller of the Currency Jonathan Gould said in an interview with American Banker that his agency is looking at whether its own internal guidance may have contributed to a climate where banks feel the need to "cite everything" to avoid supervisory penalties.
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AlumniFi, the digital banking arm of Michigan State University's official credit union, is now an official bank partner for the NCAA's Big East conference.
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A failure at an Amazon Web Services data center in Virginia caused widespread outages, hitting services at several banks and fintechs.
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Spring Bank CEO Barry Mann has accumulated a 6% stake in New York City-based Carver Bancorp. Carver has a history of underperforming, but Mann is optimistic about its chances under new CEO Donald Felix.
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The number of states with earned wage access legislation doubled in 2025 with six states passing new laws. Connecticut regulators have been particularly strict, creating conflict between lenders and the government.
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