NORFOLK, Va. - (02/10/05) -- A regional assistant superintendentfor Prince George's County schools in suburban Washington, D.C.,pleaded innocent Wednesday to charges she laundered money from amulti-million dollar drug ring through her account at VirginiaEducators CU. Pamela Hoffler-Riddick, 43, was charged with fivecounts of money laundering after she left her job as a principalfor Virginia Beach, Va., schools. Hoffler-Riddick was among 30people indicted on federal charges in connection with whatauthorities claim was a cocaine and marijuana distributionoperation based in Hampton Roads and stretching through Houston,Dallas, Indianapolis, Baltimore, Charlotte and Lexington, Ky.Authorities charged that Hoffler-Riddick enabled the operation bytaking out loans for real estate and a vehicle for one of theringleaders, that were later repaid with proceeds from theoperation deposited in the credit union.
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The ICBA opposed Coinbase's filing for a trust charter in a public letter as Comptroller Jonathan Gould defended the fintech charter process on Tuesday.
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After more than a quarter-century as a regulator, Jason Sisack had planned to enjoy some time off before taking a new job. He reversed course once Carver, which is operating under an enforcement action, approached him.
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Comptroller of the Currency Jonathan Gould said Tuesday that chartering compliant fintechs is "the only way" to level the playing field between banks and nonbanks. His comments come as the Office of the Comptroller of the Currency weighs new trust charters and stablecoin rules.
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With the U.K. and U.S. giving a green light to the company's $22.7 billion scale-building deal to buy Worldpay, Global Payments has begun its integration strategy.
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Federal Reserve Vice Chair for Supervision Michelle Bowman said she wants banks to be competitive in the digital assets space, provided those operations are siloed from the traditional finance side of the business.
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Susan Riel, who helped found Eagle Bancorp nearly three decades ago, will step down as CEO in 2026. The bank is embarking on a search for her successor.
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