DAVENPORT, Iowa - (08/10/04) -- A 21-year-old suspect in lastweekend's armed robbery at River City CU was led on the Saturdaymorning heist by a domineering girlfriend, who drove the getawaycar with her toddler sons dangling in the backseat, according tothe mother of the suspect. "He got in with the wrong girl," saidDiana Martin, after her son, Christopher Martin, was charged in theSaturday incident. Martin and his 21-year-old girlfriend, DanielleSkrogstad, were arrested following a high-speed chase after thecredit union heists, with her two little boys in the backseat.Martin's mom said her son is weak when it comes to women and wasled astray by his girlfriend. "You can be strong, but if the rightperson whispers in your ear, you're not," said the distraughtmother. Saturday's robbery at River City CU was the sixth in thecity over the past week, including three heists Tuesday, carriedout during separate campaign visits by President Bush and DemocratJohn Kerry. The two are also suspected in a June robbery at IHMississippi Valley CU and several other area hold-ups.
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Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.
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Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
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The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
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Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
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St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
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The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
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