CEDAR RAPIDS, Iowa - (02/25/05) -- A member of Collins Community CU wascharged with theft after tellers at her credit union mixed up twoaccounts and accidentally gave her funds from another member'saccount. Police said instead of reporting the error to the creditunion, Sheron Harris kept returning to get more money, a total of$16,000 in five withdrawals. Police said Harris would not have beencharged if she reported the error. Harris, 40, was charged withfirst-degree theft.
Originators need to keep an eye on the 10-year Treasury yield used in pricing mortgages, which not only broke through 4.6%, climbed above 4.7% on Thursday.
The company, which has conditional approval for a bank charter, hit a $1 billion valuation with fintech exec backing from firms such as Nubank and Revolut.
An OpenAI program managed to escape its sandbox, go out on the web and find another AI platform, and hack it. Not even OpenAI expected that.
The intrusion did not affect the financial industry directly. But it presents a warning to banks that are deploying agentic AI.
The payment network, which posts second-quarter results next week, noted localized boosts in payment volume near match sites in cities such as Boston, New York and Guadalajara.
Like many of its peers, the Chicago-based custody bank posted strong results thanks partly to the downstream effects of a strong initial-public-offering market.
