Lawmakers Challenge CFPB Arbitration Study
Eighty-five Republican members of the House and Senate in a letter Wednesday urged the Consumer Financial Protection Bureau to reopen...
Legal
‘Fair Pay and Safe Workplaces’ Proposal Released; Most Banks Not Covered
On May 28, the Labor Department, the Defense Department, the General Services Administration, and NASA jointly published proposed requirements and...
AmEx Must Change Anti-Steering Rules During Appeal
A New York court blocked American Express from implementing its anti-steering rules preventing merchants from suggesting customers use a lower-cost...
House Panel Passes Patent Reform Bill
By a bipartisan 24-8 vote, the House Judiciary Committee yesterday approved the Innovation Act (H.R. 9), which would seek to...
House Approves Measure Limiting Disparate Impact Analysis
By a 231-195 vote, the House yesterday passed an amendment to a government spending bill that would prevent the use...
Omnicare Decision Revives Deutsche Bank Class Action
The Supreme Court’s Omnicare decision revived a class action against Deutsche Bank over estimates of mortgage-backed securities exposures.
Classes Certified Against Wells Fargo in Overdraft Litigation
A Miami district court certified two classes of plaintiffs alleging deceptive practices in processing debit card transactions
Fourth Circuit Upholds Former Bank Execs’ Prison Sentences
The Fourth Circuit has denied appeals by former bank executives of bank fraud convictions.
ABA, Groups Welcome Amendment to Limit ‘Disparate Impact’
ABA and several housing groups today urged the House to pass an amendment that would prevent the use of disparate...
Senate Panel Passes Patent Reform Bill
By a bipartisan 16-4 vote, the Senate Judiciary Committee today approved the PATENT Act (S. 1137), which would seek to...
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