RACINE, Wis. - (06/01/06) A state jury took just twohours Wednesday to return a guilty verdict in the October 2004double murder of a mother and her teenage daughter by a man who hadfled a botched robbery at a local credit union. Wendell McPhersonwas convicted of all six charges against him, including thedouble-slaying of Nancy Mason, 40, and her 19-year-old daughter,Meghan Mason. McPherson ran into the Masons home after heand an accomplice were spotted in a car outside Horizon CUpreparing to rob the credit union when a police patrol spotted thewould-be robbers. The accomplice ran off, only to be caught a shortwhile later. But McPherson took off in the getaway car and crashedit several blocks away, less than 300 feet from the Masonshome. Several hours later the Masons oldest son came homefrom school and found his mother's and sister's bodies. Both hadbeen shot in the head. He called police from a neighborshome because they did not have a telephone. Police traced McPhersonfrom the car and captured him in a house a few blocks away from hishome. There they discovered items that tested positive for DNA fromMcPherson and the Masons, including wads of duct tape, and the gunused to kill Nancy and Meghan Mason. McPhersons 19-year-oldaccomplice, Jamal Martin, pleaded guilty to conspiracy to commitarmed robbery and was sentenced to 30 months in prison.
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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.
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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.
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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.
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