WAUKESHA, Wis. - (02/25/05) -- A 29-year-old man convicted in the1994 crime spree that included two credit union robberies and endedwith the murder of a local police officer, said he will use theinsanity defense when he is retried for the crimes in May. TedOswald, who was convicted with his father, James Oswald, claims hewas forced to go along by his abusive father who coerced thethen-19-year-old to participate in the bloody crime spree thatculminated with the murder of Waukesha Police Capt. James Lutzafter father-and-son robbed a Bank One branch in April 1994. Oswaldand his father also robbed Medical Systems CU, in Waukesha, andLandmark CU, in Brookfield, in December 1993. Oswald had hisconvictions in the case overturned because of juror bias. Meantime,James Oswald, now 59, is appealing his convictions, aswell.
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The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
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The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.
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At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
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Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
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The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
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Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
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