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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Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.
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Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
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The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
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Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
September 17 -
St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
September 17 -
The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
September 17