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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Firms like Brex and Ramp are adding new tech faster than legacy banks, according to payment experts.
October 13 -
The Office of Management and Budget issued reduction in force notices to Treasury staff working in the Community Development Financial Institution office Friday, saying that the layoffs are necessary to "implement the abolishment" of the fund.
October 10 -
Former City National CEO Kelly Coffey has a new venture in wealth management; Erin Siegfried is Northwest Bancshares' new chief legal counsel and corporate secretary; Flagstar Bank secures OCC approval to merge its holding company into the bank; and more in this week's banking news roundup.
October 10 -
The regional bank has launched a digital student banking center that's part of a broader strategy to focus on relationship-building.
October 10 -
The Consumer Financial Protection Bureau has announced job openings for attorney-advisors to represent the agency in defensive and appellate litigation.
October 10 -
An updated deposit insurance reform bill from Sens. Bill Hagerty, R-Tenn., and Angela Alsobrooks, D-Md., would raise deposit insurance for business accounts to $10 million, exclude the largest banks from coverage and insulate community banks from footing the bill.
October 10