Second Circuit Upholds NYC Ban on Credit Card Surcharges Legal September 29, 2015 There is no uniformity among the federal courts regarding the constitutionality of the “no surcharge” law. California recently held that...
Wisconsin BJR Protects Directors, Not Bank Officers Legal September 25, 2015 Although the ruling is limited to Wisconsin, the decision weakens the personal liability protection of bank officers.
HUDSON CITY BANK PAYS $33 MILLION TO SETTLE REDLINING CLAIMS Compliance and Risk September 24, 2015 On September 30, 2015, the Federal Reserve Board of Governors approved Hudson City's $3.7 billion merger with M&T Bank. The...
FTC Files Amicus Brief Criticizing 11th Circuit’s Interpretation of ‘Debt Collector’ Under FDCPA Compliance and Risk September 22, 2015 The Eleventh Circuit’s ruling creates a circuit split with the Third, Seventh, and Sixth Circuits through which these circuits held...
Banks Win Class Certification in Target Data Breach Litigation Cybersecurity September 15, 2015 The court also named Zimmerman Reed and Chestnut Cambronne as class counsel and Umpqua Bank, Mutual Bank, Village Bank, CSE...
ALJ Dismisses SEC Insider Trading Case Legal September 14, 2015 Boland settled with the SEC in May and paid a $75,000 penalty. Boland was not required to admit or deny...
Second Circuit Rules Whistleblowers Protected Without Reporting to SEC Legal September 10, 2015 The decision creates a circuit split with the Fifth Circuit, which previously held that a whistleblower could not bring an...
Two Intellectual Ventures Banking Patents Invalidated Under Alice Legal September 2, 2015 The decision leaves only Capital One’s antitrust counterclaims to be resolved.
Eleventh Circuit Revises Miami’s Discriminatory Lending Case Against BofA, Citi, Wells Compliance and Risk September 1, 2015 The Court noted in its opinion that on remand, the district court may need to review the City’s claims under...
Third Circuit Affirms FTC’s Authority to Regulate Cybersecurity Cybersecurity August 24, 2015 The Third Circuit’s decision will strengthen the FTC’s exercise of authority over issues of cybersecurity.
