We have taken down this week’s podcast episode after hearing from some members concerned that the content, intended to be tongue-in-cheek, implied a perspective we did not intend. We regret any misunderstanding. We appreciate the feedback, and the podcast will return in 2021.
—THE EDITORS
The Office of Foreign Assets Control announced the following sanctions action last week.
The American Bankers Association filed a coalition amicus brief urging the First Circuit to affirm the NBA preempts Rhode Island’s IOE law.
ABA filed a coalition amicus brief urging the Tenth Circuit to affirm the District Court of Colorado’s preliminary injunction preventing Colorado from enforcing its “rate opt-out law.”
VyStar Credit Union agreed to pay $1.5 million to resolve the CFPB’s allegations that the botched rollout of its online banking platform caused customers to lose access to their accounts.
Navy Federal agreed to pay $95 million to resolve CFPB allegations claiming it illegally charged its customers unanticipated overdraft fees.
Comerica Bank sued the CFPB in Texas Federal Court, alleging the bureau exceeded its authority under the Consumer Financial Protection Act and Dodd-Frank Act by investigating the U.S. Department of the Treasury’s Bureau of the Fiscal Service’s Direct...
