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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Part of the growing "phishing-as-a-service" economy, the Spiderman kit offers novice hackers sophisticated tools to target customers of major EU institutions.
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Banks may need to offer people over the age of 65 more than just digital experiences, according to an executive at J.D. Power, which surveyed more than 11,000 retail banking customers.
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In a move some industry observers call "dangerous and irresponsible," the administration is taking down consumer protection guardrails that have been put up by states like California and Colorado.
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Rohit Chopra is named senior advisor to the Democratic Attorneys General Association's working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week's banking news roundup.
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The Office of the Comptroller of the Currency Friday approved national trust charter applications for five crypto firms, affirming the administration's push to allow crypto companies the ability to take deposits.
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Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.
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