ALBANY, N.Y. - (01/17/05) -- A bold three-year identity schemewas ended last week when a 24-year-old local woman confessed tousing nine different aliases to defraud retailers, landlords andseveral credit unions out of $63,000. Shaquana Wright pleadedguilty to one count of first degree scheme to defraud, four countsof first-degree identity theft and one count of third-degree moneylaundering. Wright used false credentials to create checkingaccounts at Sunmark FCU, State Employees FCU, Charter One Bank,TrustCo and KeyBank, then would write checks from one assumedidentity to another and cash the check with an appropriateidentification. Write was also known as Natalie Lewis, ShaquanaTurner, Shameeka Chaney-Artis, Mikiya Orr, Virginia Carolyn Medleyand Tiffani Poindexter, among other identities.
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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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