MIDDLETOWN, Ohio - (03/10/06) -- A man who was the head teller atRiver Valley CU was charged with looting as much as $160,000 fromthe credit union's teller drawers and vaults over a three-yearperiod. Stephen Deaton, 36, was charged Tuesday with grand theft.He faces up to 18 months in jail. The theft was uncovered during aninternal audit of the credit union that found $52,000 was missingform the Middletown branch. Authorities believe Deaton isresponsible for thefts at ATMs and other credit union branches,too.
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Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.
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Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
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The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
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Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
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St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
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The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
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