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.
Browsing: Legal
FDIC Finalizes Changes to Limits on Failed Bank Asset Purchasers
The FDIC today issued a final rule making changes and clarifications to its prohibition on individuals or entities associated with the failure of a bank purchasing assets from the bank under FDIC receivership.
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.
ABA Magazine Provides Update on Compliance Litigation
The May/June issue of ABA Bank Compliance magazine, now available online for subscribers, features a cover story on what continuing class action and enforcement litigation means for frontline bank compliance. Other stories cover what bankers are doing to “derisk,” how to build a positive compliance risk management culture and how to handle a change in
Target Proposes $19M Settlement with MasterCard
Will 90 percent of MasterCard-issuing financial institutions accept the network’s settlement with Target?
Employers Can Decide That Physical Presence at Work is an Essential Function
On April 10, 2015, the Sixth Circuit Court of Appeals issued its long-awaited en banc decision in Equal Employment Opportunity Commission v. Ford Motor Company following a vacated panel decision from April 2014, in which a divided panel had reversed a district court’s summary judgment award in the employer’s favor.
U.S. Supreme Court Provides Roadmap to Avoid Baby Bump Blunders
On March 25, 2015, the Supreme Court issued its long-awaited opinion in Young v. United Parcel Service, Inc. to address whether, and to what extent, the Pregnancy Discrimination Act requires reasonable accommodations of pregnancy-related health issues and restrictions.
California Federal Court Rules ‘No Surcharge’ Law Unconstitutional
Circuits are split on the constitutionality of laws prohibiting merchants from imposing a surcharge on customers for using a credit card.
Judge Orders BHC to Produce Examination and Enforcement Documents
Does the federal bank examination privilege control whether a bank holding company must produce examination and enforcement documents?