SAN ANTONIO, Texas - (10/25/04) -- A former vice president with theFederal Reserve Bank of Dallas pleaded guilty Friday to issuingphony checks on H-E-B FCU. Taylor Barbee, 52, confessed thatbetween Oct. 2003 and March 2004 he issued 38 bogus checks worth$16,500 on the credit union using fictitious names of "T.H. Arbeer"and "Del. R. Taylor." Sentencing is scheduled for Jan.21.
As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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.
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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.
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.
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.
