The FBI raided a house here two weeks ago and arrested two more Romania immigrants in connection with an international credit/debit card skimming scheme. Six other Romanian nationals were also arrested in New York and New Jersey in connection with the ring and were being transported to Las Vegas to answer charges, according to the U.S. Attorney's office. The Romanian gang apparently used skimmers attached to the point-of-sale to steal card information and PINs, then manufactured as many as 600 counterfeit cards each day to withdraw cash or make purchases, according to the FBI. The ring used the phony cards to withdraw cash at casinos in Las Vegas and Atlantic City and in northern California, according to a criminal complaint obtained by The Credit Union Journal.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3 -
The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
July 3