ELKHART, Ind. - (02/21/05) -- Two 17-year-old boys arrested lastweek at the scene of a credit union robbery were waived into adultcourt on Friday to be tried as adults. The two, Brandon Pryor, andNockolas Pippin, and a third suspect, identified as DonaldWolfford, 18, were arrested after they robbed Michiana CU, by twopolice detectives who happened to be passing by at the time. As thedetectives stopped to check on a car running outside the creditunion, three masked men ran out of the credit union carryinggarbage bags that turned out to be holding stolen cash. Two of theteenage suspects were caught immediately, while the third wascaptured soon after. The driver of the getaway car is still beingsought.
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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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