ABA files coalition amicus brief urging Third Circuit to reject CFPB’s expansive FCRA interpretation
ABA filed a coalition amicus brief urging the Third Circuit to reject the Consumer Financial Protection Bureau’s attempt to expand ...
Fifth Third Bank sued over Return Deposit Item Fees
Three customers sued Fifth Third alleging it unlawfully charged consumers Return Deposit Item Fees for attempting to deposit bounced checks.
New York federal court denies Coinbase motion for judgment over SEC enforcement actions
A Manhattan federal court denied Coinbase’s motion for judgment on the pleadings in the Securities and Exchange Commission’s lawsuit alleging ...
Michigan federal court dismisses overdraft fee maximization lawsuit against Flagstar Bank
A Michigan federal court granted Flagstar’s motion for summary judgment in a lawsuit alleging it unlawfully charged its customers overdraft ...
Minnesota federal court dismisses Minnesota Bankers Association’s NSF fees lawsuit
A Minnesota federal district court dismissed the Minnesota Bankers Association’s and Lake Central Bank’s lawsuit challenging the FDIC’s supervisory guidance ...
D.C. federal court vacates CFPB Prepaid Rule
The Washington, D.C., federal district court granted PayPal’s motion for summary judgment in its lawsuit challenging CFPB’s Prepaid Rule.
Wyoming district court dismisses Custodia Bank’s lawsuit over master account
A Wyoming federal district court ruled the Kansas City Fed was not required to grant Custodia’s request for a master ...
Hope to buy Territorial Bancorp, UMB to purchase Heartland Financial
Hope Bancorp in Los Angeles has agreed to buy Territorial Bancorp in Honolulu; UMB Financial in Kansas City to buy ...
U.S. Supreme Court rules pure omissions are not actionable under Rule 10b-5(b), settles circuit split
In a unanimous decision written by Justice Sonia Sotomayor, the U.S. Supreme Court ruled not disclosing certain information required by ...
Fifth Circuit Vacates Effective Denial of Preliminary Injunction, Orders Judge Pittman to Rule on Motion by May 10
In a unanimous decision (3-0), a Fifth Circuit panel vacated the district court’s effective denial of the preliminary injunction, remanded ...
