A federal court in Minnesota yesterday granted class action status to a lawsuit by financial institutions against Target over the retailer’s 2013 data breach. Institutions eligible for the class include all U.S. issuers of payment cards compromised in the breach. Class action status will allow plaintiffs to coordinate representation, discovery, witnesses and other court processes.
ABA shares deposit insurance reform recommendations with House lawmakers
ABA shared a list of possible deposit insurance reforms with lawmakers ahead of a House Financial Services Committee hearing on the topic.










