Recent news from Treasury’s Office of Foreign Assets Control: October 20

ABA filed a coalition amicus brief urging the Second Circuit to review the Fed board's decision denying Canandaigua National Corporation’s application to offer its Cash Guarantee Mortgage Program.

ABA filed a coalition amicus brief urging the Third Circuit to grant TransUnion LLC’s petition to review a district court decision that certified a class action alleging it violated the FCRA by failing to immediately block allegedly fraudulent...

In a unanimous decision, a Second Circuit panel affirmed that banks do not have a statutory right to Federal Reserve master accounts.

In a unanimous decision, a Third Circuit panel affirmed dismissal of a class action against Amazon Web Services Inc. and Pindrop Security Inc., holding that Pindrop qualifies as a financial institution exempt from BIPA claims related to biometric...

In a unanimous decision, a Ninth Circuit panel ruled that BofA may arbitrate a dispute over its alleged overdraft fee practices.

In a unanimous decision written by Justice Sonia Sotomayor, the U.S. Supreme Court ruled that federal courts retain jurisdiction to confirm or vacate arbitration awards after staying a case under Section 3 of FAA, even when post-arbitration motions...