CORTEZ, Colo. -- A mother and daughter, sentenced to prison last months on horse rustling charges, were jailed last week for the roles in the May 2005 robbery of $105,000 from Southwest Colorado FCU here. Mother Sharon Vaughn, 61, received five years in prison for her role in the robbery, while her 37-year-old daughter Donja Vaughn was sentenced to seven years. Police discovered almost $80,000 from the heist at the Vaughns apartment after the mother tried to pay her rent with stolen credit union loot, but almost $26,000 has still not been recovered. The mother-and-daughter, who used to run a horse-breeding operation, were sentenced to jail terms last month for stealing horses in Kansas and Utah from 2000 to 2002.
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Michael Barr said he believes artificial intelligence will have a positive long-term impact on the economy, though it may cause job losses in the short term.
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The Federal Reserve Board finalized changes to its supervisory rating framework, allowing large bank holding companies to be considered "well managed," even with one deficient rating.
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As the emerging form of artificial intelligence impacts payments, pace of payment disputes and the workload will change.
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The chairman and CEO of First Independence Bank in Detroit is the new chairman of the American Bankers Association. He said his extensive involvement in industry advocacy roles over the past eight years has made him a better leader.
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The Consumer Financial Protection Bureau is considering a proposal to reduce its oversight of auto finance lenders, saying the benefits of supervision may not justify the "increased compliance burdens."
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A regulatory filing Wednesday sheds more light on how the megamerger came together. It also details the compensation arrangements for Comerica CEO Curtis Farmer, who will become Fifth Third's vice chair.
November 5





