RALEIGH, N.C. -- One of two twin brothers charged with the July 2004 slaying of a member of State Employees CU at the credit union's ATM was sentenced Tuesday to 20 years in prison. Larry Carter, 28, pleaded guilty to second-degree murder in the shooting death of his former girlfriend Shaudria Barfield. Barfield, who had obtained a restraining order against her ex-boyfriend, was found slumped over the drivers wheel of her car with a bullet to the head. She had just made a cash withdrawal from the ATM. Carter's twin brother, Lamont Carter, was also charged in the case and is awaiting trial.
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The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
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The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.
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At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
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Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
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The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
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Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
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