SALT LAKE CITY - (10/06/05) -- The son of a state judge pleadedguilty Tuesday to bank fraud and identity theft in the theft of asmuch as $50,000 from America First FCU. Mathew Rodney Page, 40, ofKaysville, faces a minimum sentence of two years in jail on thecounts. Page admitted to using the Social Security number and birthdate of Mathew L. Page, 40, of Salt Lake City, to get loans andopen credit card accounts at the credit union. The two men are notrelated. Page is the son of 2nd District Court Judge Rodney S.Page.
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The Office of the Attorney General in New York says the bank violated the state's Exempt Income Protection Act, illegally transferring customers' money to debt collectors.
April 17 -
The Providence, Rhode Island, company is having discussions with private wealth management teams elsewhere as it seeks to expand its fledgling private bank. In just three months, private banking deposits doubled to $2.4 billion.
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After the Minneapolis-based company reported stubbornly high commercial deposit costs, it reduced its full-year forecast for net interest income by $200 million-$500 million.
April 17 -
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
April 17 -
Rising deposit costs have plagued banks in general, and the Tennessee bank had to pay up to bolster liquidity after its failed merger with TD. But First Horizon retained customers in the first quarter while not paying them the special rates they got last year.
April 17 -
U.S. customers who have previously used Sweden-based Klarna's buy now/pay later financing — and paid off their loans in full — will be prequalified for interest-bearing loans through a new version of the Klarna Visa card rolling out later this year.
April 17