LOS ANGELES - (08/16/05) -- A Nigerian man who pleaded nocontest earlier this year for his role in a fraud ring that stoledata from ChoicePoint Inc., pleaded not guilty last week to sixadditional charges. Olatunji Oluwatosin, 42, pleaded not guilty tocounts of identity theft, conspiracy and grand theft. The Nigeriannational remains the only person charged in the scheme, whichexposed the Social Security numbers, addresses and other personaldata of as many as 145,000 people. The new charges allege thatOluwatosin was part of an international ring that caused as much as$2.5 million in losses to merchants, banks and credit unions. Thestolen data was used to open credit card accounts in victims' namesand make cash advances from ATMs. The Nigerian was arrested lastOctober with five cell phones and three credit cards that belongedto other people.
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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.
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