SEATTLE - (02/01/05) -- A 41-year-old Vancouver, Wash., manwas sentenced last week to 20 years in prison after he confessed to10 robberies in the Puget Sound area--eight of them at creditunions. Clifford Uptegrove was arrested last March 25 after herobbed Riverview Community Bank in Hazel Dell, Wash., of more than$13,000, then made his getaway on a bicycle. Witnesses calledpolice when they saw Uptegrove loading the bike in a van becausethey thought he was stealing the bike. When questioned by policeUptegrove confessed to robbing the 10 institutions, includingKennewick Community FCU on March 1, 2001; Spokane City CU on July1, 2002; Oregon Central CU on July 3, 2003; Kennewick Community FCUagain on August 27, 2003; Spokane City CU again on January 27,2004; Oregon Central CU again on February 6, 2004; and Olympia CUon March 1, 2004.
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Bank groups, crypto firms and regulators are divided over whether fiduciary digital-asset custody fits naturally within the national trust charter model — or whether, as critics argue, the agency is quietly reinventing the charter.
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In a Senate Banking subcommittee hearing, lawmakers discussed a bill that would guarantee all legal industries and all individuals fair access to banking services.
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The de novo bank, which will serve participants in virtual currency markets, is putting the regulatory pieces in place for its planned 2026 launch.
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A breach at an auto lending compliance provider highlights third-party vendor risks and has triggered class action lawsuits against the firm.
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The Nashville community bank is focusing on growing its "digital branches" through fintech partnerships and embedded banking with its latest funding round.
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The New York megabank, which completed the sale of a 25% equity stake in its Mexico retail business, has been exiting certain international markets as part of CEO Jane Fraser's focus on being a simpler, smaller bank.
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