CHATTANOOGA, Tenn. - (02/21/06) A local woman was sentenced to10 months behind bars for passing more than $70,000 in bogus checksat branches of AEDC FCU. Spring Langford, 28, was arunner for the man who produced the counterfeitchecks, police said. Her co-defendant, Andre Williams, who policedescribed as a career criminal, has yet to be sentenced.Authorities said Williams recruited Ms. Langford and others to cashthe counterfeit checks after he procured numerous checks purportingto be drawn on the checking account of Stewart Security Systems andNHC Homecare. The counterfeit checks were made payable to variousof those in the Williams ring and were cashed at various AEDC FCUbranches.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3