SAN DIEGO - (04/11/05) -- A former operations manager forNorth Island CU was sentenced to 15 months in prison Friday forstealing $338,000 from the credit union, which she spent to financea lavish lifestyle. Authorities said Leanne Truitt, 40, of ImperialBeach, used the credit union funds to pay for parties, a new pool,trips to Las Vegas and designer clothing. Truitt pleaded guilty tomaking false entries in the credit union's books to make it appearthe branch had more money than it actually did. Herresponsibilities at the credit union included ordering cash fromthe Federal Reserve and reconciling cash balances.
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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.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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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.
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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.
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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.
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The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
July 3