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.
-
Federal bank enforcement actions have dropped sharply since the start of the second Trump administration, but experts' views vary about whether less enforcement will result in a buildup of risk in the financial system.
18m ago -
Billy Beale, who was hired to clean up Virginia-based Blue Ridge Bankshares after its failed foray with fintechs, has left the $2.4 billion-asset company. His successor is Harry Golliday, who was named interim CEO.
50m ago -
A new report from the Consumer Federation of America says the true cost of online scams is an estimated $119 billion per year; Associated Banc-Corp moves forward with its planned acquisition of family owned American National; Servbank HoldCo completes its acquisition of IF Bancorp; and more in this week's banking news roundup.
1h ago -
Payment experts detail where banks are going wrong with charge-backs and how they can improve.
2h ago -
Caution around the move is growing as focus has shifted to affordability, and current trading prices make near-term action unlikely, according to Wedbush.
3h ago -
David Szuchman, PayPal's top cop, leverages his background in law enforcement, including years in the Manhattan district attorney's office, to help the fintech fight against payment crooks.
4h ago









