Recent government efforts to repurpose a decades-old statute into a statutory pretzel have produced a series of court actions that have the banking industry concerned.
Case: Texas Department of Housing & Community Affairs, et al. v. Inclusive Communities Project, Inc., et al. Issue: Whether disparate impact claims are cognizable under the Fair Housing Act (FHA). Case Summary: The U.S. Supreme Court ruled that disparate impact claims may be alleged under the FHA. Inclusive Communities Project, Inc. (ICP) brought a disparate
Eighty-five Republican members of the House and Senate in a letter Wednesday urged the Consumer Financial Protection Bureau to reopen its arbitration study process, saying it has not been fair, transparent or comprehensive.
On May 28, the Labor Department, the Defense Department, the General Services Administration, and NASA jointly published proposed requirements and related guidance implementing President Obama’s “Fair Pay and Safe Workplaces” Executive Order 13673.
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.
By a bipartisan 24-8 vote, the House Judiciary Committee yesterday approved the Innovation Act (H.R. 9), which would seek to reduce abuse of the patent system.
By a 231-195 vote, the House yesterday passed an amendment to a government spending bill that would prevent the use of disparate impact analysis by the Department of Housing and Urban Development under the Fair Housing Act.
The Supreme Court’s Omnicare decision revived a class action against Deutsche Bank over estimates of mortgage-backed securities exposures.
A Miami district court certified two classes of plaintiffs alleging deceptive practices in processing debit card transactions
The Fourth Circuit has denied appeals by former bank executives of bank fraud convictions.