Eleventh Circuit Revises Miami’s Discriminatory Lending Case Against BofA, Citi, Wells
The Court noted in its opinion that on remand, the district court may need to review the City’s claims under...
Legal
Third Circuit Affirms FTC’s Authority to Regulate Cybersecurity
The Third Circuit’s decision will strengthen the FTC’s exercise of authority over issues of cybersecurity.
IBD: ‘About Time’ for Regulators to Clarify Disparate Impact
The financial regulators should move quickly to implement the Supreme Court’s guidance on using disparate impact to enforce fair lending...
Court Issues Mixed Decision in North Carolina Business Judgment Case
A federal appeals court today issued a mixed decision in the closely watched case of FDIC v. Rippy, which arose...
Fourth Circuit Allows FDIC’s Negligence Claims Under Business Judgment Rule
If the parties do not reach a settlement, the case will return to the lower court for a trial on...
Target Reaches Settlement with Visa over Data Breach
The deadline for eligible issuers to accept their alternative recovery offers is September 4, 2015.
Who Should Have Personal Liability for Compliance Failures?
Courts and prosecutors are increasingly finding chief compliance officers personally liable for compliance lapses—and CCOs are watching carefully.
Second Circuit Denies Rehearing in Third Party Debt Collector Preemption Case
The Second Circuit’s ruling does not apply where a non-bank entity is acting as an agent for the bank or...
Second Circuit Revives FDCPA Class Action
The Second Circuit declared that the Court's ruling is the first to address the scope of the FDCPA’s “in connection...
NYBA Wins Challenge to New York City Law
The New York Bankers Association on Friday won its legal challenge to New York City’s Responsible Banking Act, with a...
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