AmEx Must Change Anti-Steering Rules During Appeal
A New York court blocked American Express from implementing its anti-steering rules preventing merchants from suggesting customers use a lower-cost card during its appeal.
Author Thomas Pinder
Thomas Pinder
Thomas Pinder is senior vice president and deputy general counsel at ABA.
Omnicare Decision Revives Deutsche Bank Class Action
The Supreme Court’s Omnicare decision revived a class action against Deutsche Bank over estimates of mortgage-backed securities exposures.
Classes Certified Against Wells Fargo in Overdraft Litigation
A Miami district court certified two classes of plaintiffs alleging deceptive practices in processing debit card transactions
Fourth Circuit Upholds Former Bank Execs’ Prison Sentences
The Fourth Circuit has denied appeals by former bank executives of bank fraud convictions.
First Tennessee Bank Pays $212.5M to Resolve FCA Allegations
First Tennessee Bank admitted to originating and underwriting loans that were not eligible for Federal Housing Administration insurance.
PTAB Invalidates Two Check-Imaging Patents
Two patents for check-imaging processes that were being asserted against banks have been invalidated.
CFPB Fines Regions $7.5M for Overdraft Program
The penalty against Regions is the first imposed by the CFPB related to overdraft fees.
Supreme Court Will Examine Article III Standing
The Supreme Court will decide whether a plaintiff has standing to sue for statutory violations under the Fair Credit Reporting Act despite a lack of concrete injury.
Deutsche Bank Pays $2.5 Billion to Resolve Libor Charges
Deutsche’s deferred prosecution agreement is the largest of the Libor-rigging settlements.
Fifth Circuit Rules Texas Debt Collection Statute Not Preempted by HOLA
A Fifth Circuit ruling in Barzelis v. Flagstar Bank F.S.B. will raise questions about how to define a “borrower” under RESPA.