BROOKSVILLE, Fla. - (09/15/05) -- A local man was sentenced Tuesday toalmost three years in jail and ordered to pay $207,000 inrestitution for a fraud scheme that drained that amount from TampaFederal Postal CU. Keith Fisher pleaded guilty to the scheme. Hedeposited a bogus check for $350,000 into his credit unionaccount--a check written by his mother who left the amount blank athis insistence. The mother was told that Fisher was expecting a bigdisability settlement and the money would be wired into heraccount. After a hold period, Fisher began writing bad checks onthe account to buy cars purchase goods and withdraw cash. Thecredit union later received the check back and learned the mother'saccount had only $37 in it.
-
Many banks got shares in the lucrative payments network when it went public in 2008. Some of them are now looking to sell in order to offset losses on their sales of underwater bonds.
5h ago -
Depositors are still flocking to online-only banking platforms offered by companies such as Ally, Capital One and Discover. But overall customer satisfaction took a "statistically significant" drop, according to a new J.D. Power report.
7h ago -
Executives of Allegiant, Breeze and Spirit complained to the heads of the Consumer Financial Protection Bureau and Department of Transportation that the relationships between big banks and big airlines are anticompetitive. Consumer advocates also questioned whether large airlines are delivering on promised rewards and if consumers are racking up debt to accrue miles and points.
9h ago -
The Federal Reserve Thursday released a report on its climate stress test pilot assessing the impact of climate change on big bank portfolios and found that loan defaults could increase as a result of climate events and shifts toward a lower carbon economy.
10h ago -
Banks are turning to the same hyperscalers for cloud computing and generative AI. Some wonder what the consequences will be down the road.
11h ago -
The next major chance the lawmakers could have on the so-called "swipe fee" legislation will come next year as Congress looks toward a tax package.
11h ago