SAN DIEGO - (11/18/05) -- An important figure in aninternational credit card fraud was sentenced to seven years injail this week for his role in a scheme that targeted area creditunions and banks. James Hopper pleaded guilty to eight felonycounts just three weeks after he was arrested at a routine trafficstop and police discovered hundreds of blank credit cards in hiscar. The San Diego Police Computer and Technology Hi-TechCrimes--or CATCH--Unit, said Hopper is a key figure in aninternational ring that collects the personal financial informationof Americans and provides it to U.S. accomplices for themanufacture of counterfeit credit cards. The CATCH unit also foundthat Hopper had obtained the algorithm code for more than 200credit unions and banks to write second tract encryption into phonycredit and ATM cards. Police found blank credit cards, an embossingmachine, victim profiles and hundreds of fake drivers licenses whenthey raided Hopper's home, according to Gail Stewart, spokesman forthe San Diego Police. Hopper pleaded guilty as part of a pleabargain Wednesday to eight counts, including unlawful access tocredit activities, identity theft and possession of fraudulentdrivers licenses and was sentenced to seven years in prison, shetold The Credit Union Journal.
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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.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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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.
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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.
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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.
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The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
July 3