Legal

Supreme Court to Hear Key Patent Troll Case

The Supreme Court said today that it would hear the case of TC Heartland v. Kraft, which the American Bankers Association is watching closely due to its implications for banks that face litigation from patent trolls.

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ABA Sues Credit Union Regulator Over Field of Membership Rule

Immediately after the National Credit Union Administration's publication today in the Federal Register of a controversial final rule further expanding the already loose fields of membership from which federal credit unions can draw their customers, ABA filed a lawsuit in federal court to stop NCUA from implementing the rule.

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FinCEN ‘Thinking More Creatively’ in Exercising Statutory Authority

As the Financial Crimes Enforcement Network works to ensure that the financial system that is resistant to abuse and able to share valuable information with law enforcement, Acting Director Jamal El-Hindi today said at the ABA/ABA Money Laundering Enforcement Conference in Washington, D.C., that FinCEN would “think more creatively” about how it exercises its statutory authority.

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Court Tightens Reins on CFPB Director’s Authority

The Consumer Financial Protection Bureau’s leadership structure -- a single powerful director who cannot be removed at will by the president -- is unconstitutional, according to a ruling by a panel of judges on the D.C. Circuit Court of Appeals today.

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