SAN FRANCISCO - (03/14/05) -- A federal appeals court ruled lastweek that police officers did not violate two women's civil rightswhen they intervened in a fight over a credit union's repossessionof a car. The Ninth Circuit Court of Appeals ordered that the civilsuit be dismissed against the Redwood Police over the 2001 incidentin which a repo man was sent by San Mateo County Employees CU totake possession of a car, which caused a fight with the car owner.After police broke up the fight the car owner sued claiming her14th Amendment right against being deprived of property without dueprocess of law, and her Fourth Amendment right to be free ofillegal search and seizure, were violated. But the appeals courtruled that the fight wasn't conducted under the officers' purview;that police hadn't been alerted of the repossession in advance; andwere only asked to stand by to ensure that the repossession wentsmoothly.
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A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
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The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
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In a joint letter signed by over 50 bank trade groups, leaders in the banking industry urged regulators to revise bank regulatory thresholds upward to keep up with inflation.
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Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
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The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
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The Senate passed President Trump's tax and spending bill Tuesday, but questions around Consumer Financial Protection Bureau funding, 1071 delay and remittance taxes remain as GOP leaders scramble to pass the bill out of the House before Trump's July 4 deadline.
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