SAN DIEGO - (06/13/05) -- A 35-year-old female bandit, calledthe most prolific female bank robber in recent California history,was sentenced last week to six years and eight months in jail for ato a two-year crime spree that terrorized bank and credit unionemployees and customers over two years. Shannin Marsh, who policebelieve was responsible for as many as a dozen armed robberies atarea financial institutions and businesses, as well as a series ofbomb threats at the U.S. Marines' nearby Camp Pendleton, pleadedguilty to seven felony charges in April. Marsh wept as sheapologized to her husband of 16 years and her two teenage children,who she said she had embarrassed. Marsh, who authorities likened tobank robber Bonnie Parker, of Bonnie and Clyde fame, was identifiedby an employee at Pacific Marine CU from a surveillance video asthe woman who robbed the credit union in September 2003, and againlast October. Marsh is also believed to have robbed USA FCU andGreat American CU.
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The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
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The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.
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At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
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Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
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The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
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Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
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