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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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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