BORGER, Texas - (04/12/05) -- A former teller at Borger 66 CU wasbeing held on $1 million bond Monday after being charged in a22-count indictment with embezzling almost $180,000 from the creditunion, some of it sent to her church. Sandra Lee Porter, 44, ofBorger, was charged with transferring some of the funds to accountsof the First Church of the Nazarene. Porter allegedly removed thefunds from member accounts and transferred the money to severaldifferent accounts. Porter, who worked at the credit union fromAugust 2001 until last month, turned herself into police lastFriday and was being held in Hutchinson County Jail.
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Financial literacy advocate John Hope Bryant has joined with a Los Angeles-based developer in an effort to raise up to $300 million from banks to preserve and construct low-income housing around the country.
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AI is transforming legacy modernization efforts as Wells Fargo builds systems for agents to take on humanlike tasks and interact with one another.
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The buy now/pay later firm, which reports earnings Thursday, has inked deals with Worldpay to expand potential borrowers and with New York Life to obtain more capital for future lending.
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A bottleneck at the Small Business Administration in clearing federal small business loans because of the ongoing federal government shutdown is becoming an increasingly urgent issue for small and even some midsized banks.
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BayFirst Financial, which has reported problems with SBA loans, expects to reach an agreement with its regulators in connection with credit administration and other issues.
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