DURANGO, Colo. - (07/20/05) -- A 60-year-old local woman wasarrested Monday and will be charged later this week with the May 24armed robbery at Colorado FCU, when two gun-wielding thieves madeoff with more than $100,000. Police believe the gun-wieldingthieves were Sharon Vaughn and her daughter Danja Vaughn, who wascharged last week with the hold-up. The mother-and-daughter eachattempted suicide June 9 after police searched their home and found$85,494 in cash and numerous receipts for cash purchases made afterthe robbery, as well as a short barreled rifle believed used in thehold-up, police said. Evidence led to the Vaughns after the motherpaid their landlord $20,000 in $20 bills.
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At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
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Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
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Like the Olympics, the event is used to push and measure engagement and appetite for emerging checkout options.
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The Treasury's Financial Crimes Enforcement Network and federal banking and credit union agencies limited issuers' know-your-customer obligations to direct-to-consumer services, preliminarily rejecting a "global" customer due diligence requirement they say is unfeasible.
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The bank is following in the footsteps of Goldman Sachs, which made a similar move in April.
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A potential deletion from a long-standing regulatory definition has banks questioning how to classify vast swaths of their lending books.
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