Federal court rejects challenge to Section 1071 final rule; ABA, TBA to appeal
A federal court denied a request for summary judgment in a lawsuit by ABA, the Texas Bankers Association and others...
Legal
Federal court enjoins ban on noncompete clauses
A Federal district court in Texas enjoined the FTC’s final rule to ban the use of noncompete clauses in employee...
ABA, associations challenge new Illinois law restricting interchange fees
ABA, the Illinois Bankers Association and two credit union associations filed a complaint in U.S. District Court challenging an Illinois...
Federal court issues stay on fiduciary rule enforcement
A Texas court ordered a nationwide stay of a Department of Labor final rule that expands fiduciary status to nearly...
Hsu: OCC will defend federal preemption amid state efforts to regulate banking
The OCC will continue to defend preemption of federal law over state banking laws, Acting Comptroller of the Currency Michael...
Branching out into telehealth
Partnering with a regional healthcare provider, Five Star Bank is looking to become a ‘solution center for the community.’
Supreme Court decision extends period for administrative law challenges
The six-year period allowed for lawsuits against the U.S. government under the Administrative Procedure Act begins accruing when an injury...
Federal court issues partial injunction against Labor Department overtime rule
The state of Texas had filed a lawsuit challenging the rule, and the court blocked enforcement of the rule against...
Supreme Court overturns legal test for deferring to agency interpretations
In a 6-3 decision, the U.S. Supreme Court overturned the longstanding “Chevron deference,” which instructs courts to defer to a...
Supreme Court rules SEC adjudication process unconstitutional
The U.S. Supreme Court ruled 6-3 that when the SEC seeks civil penalties against a defendant for securities fraud, the...
