HOUSTON - (10/03/05) -- A local man was charged Friday withfiling a phony claim with the Federal Emergency Management Agencyto receive $2,000 in Hurricane Katrina assistance through hiscredit union. According to a two-count indictment obtained by TheCredit Union Journal, Barney Spears, 38, filed an onlineapplication with FEMA in which he falsely claimed a primaryresidence in downtown New Orleans, and that the hurricane causedhim to have essential needs for food, shelter and clothing, thenhad had FEMA wire the available $2,000 in emergency aid to hisaccount at New Orleans FCU. But Spears has been working and livingfulltime in Houston since August 2004, the indictmentcharged.
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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.
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