SAGINAW, Mich. - (12/08/04) -- A former used car salesman isexpected to plead guilty to charges he bilked dozens customers,including his mother, of thousands of dollars of phony extracharges. Attorneys for Gregory Granberry, 44, are apparentlyworking on a plea deal for overcharging customers by addingfictional items to their bills, then having the dealership issuethe customers a refund check. Granberry then allegedly forged thecustomers' signatures and deposited the checks in his account atSecurity FCU. The scam was detected when one customer complainedthat a $2,400 'payoff' for a loan at the credit union appeared onhis invoice, although he had no loan there. Police said Granberryvictimized dozens of victims, including his 73-year-old mother,overcharging her by $981.07 for her vehicle.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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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.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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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.
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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.
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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.
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