WAUKESHA, Wis. - (04/25/05) -- The fate of a man convicted of a10-year-old crime spree that included two credit union heists andculminated in the murder of a police officer was sent to a federaljudge--the same judge that ordered the man retried because of jurorbias. Ted Oswald, now 29, has claimed he should not be retried forthe decade-old cop-slaying because to do so would violate hisconstitutional right against being tried twice for the samecrime--so-called double jeopardy. Oswald's double-jeopardy plea hasbeen sent to U.S. District Court Judge Lynn Adelman who threw outhis first conviction in 2003 after ruling the trial judge did notproperly investigate allegations of the jury's impartiality. JudgeAdelman's ruling was subsequently upheld by the Seventh CircuitCourt of Appeals. Oswald, then 19, was convicted along with hisfather James Oswald, of a crime spree that included the 1993 armedrobberies at Medical Systems CU, in Waukesha, and Landmark CU, inBrookfield, and ended with the shooting death of Waukesha PoliceCaptain James Lutz after the father and son robbed a Bank Onebranch.
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A federal judge ruled that acting Consumer Financial Protection Bureau director Russell Vought unlawfully refused to request agency funding from the Federal Reserve Board, dealing a procedural blow to a legal argument that the Fed can only fund the CFPB when it turns a profit.
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A White House executive order issued Friday afternoon directing regulators to ease Dodd-Frank compliance burdens comes as a bipartisan housing bill advances on Capitol Hill.
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The bank and fintech entered an agreement to expand open banking ahead of the CFPB's new 1033 rule and announced joint fraud-combatting product improvements.
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A federal judge wrote in an opinion that a "mountain of evidence" suggests the subpoenas were an effort to push Federal Reserve Chair Jerome Powell to lower interest rates or resign.
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Investors claim JPMorganChase collected fees while ignoring suspicious transfers linked to a $328 million crypto Ponzi scheme.
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Federal bank enforcement actions have dropped sharply since the start of the second Trump administration, but experts' views vary about whether less enforcement will result in a buildup of risk in the financial system.
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