SAGINAW, Mich. – A former town official pleaded guilty to using his used car dealership to steal $85,000 from the sale of auto repossessions he was selling for Communications Family CU.
Henry Schumann, 52, kept the proceeds from the sale of at least nine cars his dealership, M&H Auto Brokers, was supposed to selling for the credit union.
Schumann is a former member of the Bangor Township Board of Trustees and the Bangor Township Planning Commission.
President Donald Trump said that he supported capping what he called "out-of-control credit card swipe fees" at the Republican Midterm Convention in Dallas. Wednesday's comments mark the third time the President has said he supported the Credit Card Competition Act.
Like many firms, Ameriprise has been pumping money into AI in recent years. But its dedication to technology goes back much further, says the firm's head of technology and service delivery.
A consulting firm working for BMO Harris flagged the processor's charge-back problem in 2015. The FTC says the shell accounts kept coming through 2023.
The first two articles in this series addressed what banks should measure and how. This final article asks what people often get wrong in calculating AI ROI.
Interactive Brokers, also known by its hot ticker symbol of IBKR, shares much more fee information than most custodians, without revealing much in the way of its scale among RIAs. Can it gain greater reach in a competitive channel?
A federal judge found SVB Financial's management negligently prioritized yield over safety, allowing the Federal Deposit Insurance Corp. to retain the deposits after the bank's 2023 collapse.
