NEW ORLEANS – A former teller who stole more than $670,000 from inactive accounts at the McNeese FCU was sentenced Tuesday to more than four years in federal prison. Cristella Belaire, 41, of Lake Charles, was sentenced to 51 months in prison and ordered her to pay back $783,985 to the credit union for McNeese State University after she is released from prison. Belaire pleaded guilty in October to theft and embezzlement charges. Once Belaire finishes her prison term, she must pay $13,066 a month until all of the money is paid back. Authorities said Belaire targeted 16 accounts which were rarely accessed or used by the owners of the accounts, but maintained high balances. She shifted funds between the accounts to fool the auditors and NCUA during the eight-year scheme. The restitution order includes repayment of the stolen funds and interest to be paid to the credit union insurer, CUNA Mutual Group.
- AB - Policy & Regulation
The D.C. Circuit Court of Appeals halted the Trump administration's attempt to fire nearly two-thirds of the Consumer Financial Protection Bureau's workforce, upholding a March 2025 injunction.
June 21 -
JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
June 19 -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
June 19 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18









