ATLANTA - (11/19/04) -- In an unusual ruling, a federalappeals court has overturned a lower court ruling and ordered aconviction of a Florida woman was charged with helping her daughtertry to pass a phony $6 million check on Monsanto Employees CU in2002. The three-judge panel of the U.S. Court of Appeals for the11th Circuit ordered the lower court to reinstate the jury's guiltyverdict for Brenda Williams and sentence her for bank fraud in thecase. The U.S. District Court for Pensacola, Fla., had directed averdict of acquittal for Williams after the jury found her guiltybecause the judge ruled the government failed to prove Williamsknew her daughter, Tammy Williams Neely, was lying about havingsold a vintage baseball for $8 million to cover the check. Neelytried to write the $6 million check on her mother's account at thecredit union, but the check was returned.
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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.
February 9 -
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.
February 9





