NAVARRE, Fla. - (11/07/05) -- A woman wanted in a credit unionfraud in Philadelphia was arrested in this east coast Florida townlast week. Vasana Reel 42, was captured by the North FloridaViolent Fugitive Task Force at a local apartment complex, where shewas apparently hiding from authorities since her 2003 arrest. Shewas convicted in of obtaining more than $111,000 from BoeingHelicopters CU, in Ridley Park, Pa., by submitting loanapplications under phony identities.
The global payments platform, which recently expanded to the U.S., also plans to build new autonomous finance and agentic commerce products.
A new lawsuit seeking class-action status alleges that FirstBank Puerto Rico knowingly facilitated Jeffrey Epstein's sex trafficking operation by failing to enforce basic anti-money-laundering and know-your-customer rules.
Pinnacle Financial Partners' headquarters is moving to a new 25-story office tower in Midtown Atlanta; New Jersey-based Provident Bank appoints Adriano Duarte to succeed Thomas Lyons as chief financial officer; Binance will shut down services for customers in France, Italy, Spain and Poland after the exchange withdrew its MiCA licence application in Greece; and more in this week's banking news roundup.
The bank is part of a trend of financial institutions trying to streamline a complicated industry that paper has dominated for years.
Speaking at the New York Federal Reserve's Innovation Conference on Friday, New York Department of Financial Services acting Superintendent Kaitlin Asrow said the regulator was interested in maintaining long-standing consumer protections as AI adoption increases.
Banks face conceptual, operational and other hurdles that threaten further adoption of real-time payments.
