RACINE, Wis. - (12/08/04) -- A man who was allegedly preparing torob Horizon CU was charged with the brutal slaying of a mother andher teenage daughter after he fled from the credit union. WendellMcPherson, 26, is accused of fleeing from police who interruptedhis planned credit union robbery, then hiding out in the home ofNancy Mason, 40, and Meghan Mason, 19, before killing the twowomen. One of Mason's five other children found the women, boundwith duct tape and shot in the head. Police said McPherson and anaccomplice, Jamal Martin, were staking out the credit union on Oct.11 when a police officer showed up to check out a report of asuspicious vehicle. Martin fled on foot and McPherson drove offinto a nearby neighborhood, before running into the Masonhome.
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BayFirst Financial, which has reported problems with SBA loans, expects to reach an agreement with its regulators in connection with credit administration and other issues.
October 31 -
A report from J.D. Power indicates that the neobank Chime gained the highest percentage of newly opened checking accounts in the third quarter of 2025.
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The court upheld the Federal Reserve Board's right to block Custodia from direct access to its payment systems. The bank is considering asking for a rehearing.
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The Tacoma, Washington-based bank, which has completed two mergers since 2023, said Thursday that it will buy back up to $700 million of its own shares over the next year.
October 31 -
New York State's former top regulator Adrienne A. Harris has rejoined Sullivan & Cromwell as of counsel and senior policy advisor; Founders Bank appointed Karen Grau to its board of directors; Deutsche Bank's DWS Group is opening an office in Abu Dhabi; and more in this week's banking news roundup.
October 31 -
Earned wage access provider EarnIn, which historically has been known for direct-to-consumer EWA, is now integrating its services with payroll providers. The move comes as consumer advocate groups step up efforts for stricter regulation of the industry.
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