All Categories
    Filters
    Preferences
    Search

    Last Week... Today! Romance Cover Model Arrested for Bank Robbery + Trump's New Consumer Law Enforcement Agency

    BANK ROBBERY

    Romance novel cover model wanted in Connecticut robberies is arrested in San Diego, The LA Times

    Model David Byers, 34, has appeared on the cover of four romance novels and was wanted in at least four states by the time of his arrest last Tuesday, the 2d of May. After robbing two Chase Banks and a gas station in less than 48 hours in Connecticut, Byers took the authorities on a weeklong crosscountry man-hunt that ended when Byers was arrested in San Diego, California. 

    Read More Here

    See Novel Cover & Mug Shot Here

    Federal grand jury indicts two Utah men who allegedly robbed 9 banks combined, The Salt Lake Tribune

    A federal grand jury has indicted two Utah men who, between them, allegedly carried out nine bank robberies since the start of the year.

    Salt Lake City resident Bret Michael Edmunds, 41, was charged with seven counts of bank robbery for a string of "note-job robberies" he allegedly carried out between February and April in Salt Lake and Utah counties, according to documents filed in U.S. District Court on Wednesday.

    Unrelated to the Edmunds cases, Layton resident Kevin Dean Rasband, 30, was charged in a four-count indictment with allegedly robbing a Kaysville bank in February, and a Farmington bank in March. The two other counts come from allegedly using a firearm in both robberies, documents show.

    Read More

    FBI searching for woman linked to several bank robberies, Fox San Antonio

    The FBI and police need your help to identify a woman who has been linked to several bank robberies.

    The robberies took place in December in the Houston and Sugarland area. Investigators say the woman walked into a Chase Bank at 4997 Sweetwater Boulevard in Sugarland on December 1st and handed a teller a threatening note. She got away with an undisclosed amount of cash. She was wearing sunglasses, jeans, and a wide-brimmed camouflage hat with a thick black band across it.

    Read More

    FEDERAL GOVERNMENT

    Community bankers’ political capital soars in Washington, Reuters

    Main Street lenders emerged from a meeting with U.S. President Donald Trump this week confident that his vision for an overhaul of banking regulation would set up a favorable environment for their industry.

    Read More

     

    Bill Targeting Dodd-Frank, CFPB Passes First Hurdle in the House, Pay Before

    Legislation that would overhaul the CFPB and end taxpayer-funded bailouts of large financial institutions, among other mandates, moved one step closer to law May 4. The House Financial Services Committee approved the Financial CHOICE Act of 2017 (HR 10), which was reintroduced last month by U.S. Rep. Jeb Hensarling (R-Texas), in a 34-26 vote along party lines. The bill now heads to the House for review.

    In a departure from Hensarling’s previous version of the Financial CHOICE Act, which called for Director Richard Cordray’s position to be replaced with a bipartisan, five-member commission, the new bill calls for the agency to be led by a single director removable by the president at will. Also, the bureau would be renamed the Consumer Law Enforcement Agency. Since President Trump took office, a plethora of bills has been introduced to limit the power of the CFPB, change its structure or even abolish the agency.

    Read More. 

    TRUMP SIGNS ORDERS TARGETING US TAXES AND FINANCIAL REGULATION, PPP Focus

    “These three are specifically created to focus on certain aspects that are enormously important to the Treasury and to the president and that fill in with his campaign promise to make sure that Dodd-Frank is not harming the financial system”, Mnuchin told reporters Friday.

    Read More

    Ocwen Financial Rope-a-Dopes the Consumer Financial Protection Bureau, Huff Post

    Ocwen Mortgage Servicing, once the nations leading Non-Bank servicer is on the ropes; beaten and battered by the last Federal agency with a modicum of concern for Main Streeters: the Consumer Financial Protection Bureau. CFPB has taken the company to task in a federal lawsuit filed, April 20th, in Florida, for a whole host of predatory shenanigans that include sloppy collection procedures, inexplicable mathematical calculations on mortgage statements and worse still: improper foreclosures. Some twenty two other states have weighed in with their own complaints and you’ve got to figure they have some serious ammunition when none other than Trump friend and Florida Attorney General, Pam Bondi, has joined the chorus. Many of these regulators have raised serious doubts about whether the company should, in fact, stay in business and when the blunderbuss of lawsuits and enforcement orders was fired off on April 20th, Ocwen’s stock went into what appeared to be a death spiral.

    Read More

    Rep. Beatty introduces bill to give consumers free annual credit scores, Financial Regulation News

    U.S. Rep. Joyce Beatty (D-OH) is sponsoring a bill in the U.S. House of Representatives that would provide consumers with free annual credit scores with their annual credit report.

    Read More

    CFPB Insights On Alternative Data Use In Credit Scoring, JD Supra

    The growing utilization of alternative data in credit decisions and scoring models continues to attract the attention of regulators. Although clear and practical guidance from regulators remains elusive, regulator pronouncements provide some clues and takeaways for market participants. Recently, for example, the Consumer Financial Protection Bureau issued a request for information (RFI) regarding the use of alternative data and modeling techniques in the consumer credit marketplace.

    Read More

    BANK FRAUD & IDENTITY THEFT 

    Former Alabama bank executive to plead guilty in fraud case, The News Courier

    BIRMINGHAM, Ala. (AP) — Federal authorities say a former senior vice president at Regions Bank has agreed to plead guilty to conspiracy charges in a $5 million bribery and wire fraud scheme.

    The U.S. Attorney's Office in Birmingham this week filed a plea agreement in U.S. District Court in the case against 67-year-old Philip Henry Cooper of Birmingham.

    Read More

    CONFIRMED: FBI Is Conducting Even More Interviews Over Alleged Jane Sanders Bank Fraud, The Daily Caller

    Federal investigators are conducting interviews in Florida regarding accusations Vermont Sen. Bernie Sanders’ wife, Jane Sanders, defrauded a bank while serving as president of the now-defunct Burlington College.

    Read More

    Florida officer guilty to driver license ID theft scheme, Jacksonville.com

    MIAMI — A South Florida police officer has pleaded guilty to his role in an identity theft scheme that involved a confidential law enforcement driver’s license database.

    Read More.

    Former FSU track athlete convicted of tax fraudTallahassee Democrat

    A former Florida State track and field athlete was convicted Thursday of stolen identity tax fraud.

    While on scholarship at FSU, 27-year-old Teona N. Rodgers of Tampa took part in a scheme to file fraudulent income tax returns during the 2011 and 2012 tax years, according to the Department of Justice. She was convicted of theft of government funds, possession of 15 or more unauthorized access devices, use of unauthorized access devices, use of unauthorized access devices, aggravated identity theft and false claims.

    Read More

    43 People Indicted for Bank Fraud, NBC Washington

    Forty-three people have been indicted for bank fraud, cigarette trafficking and money laundering in Virginia.

    The suspects were charged with more than 740 crimes in Henrico County, and the investigation included more than 600,000 cartons with an estimated value of more than $30 million, police said. Read More.