FTC Files Amicus Brief Criticizing 11th Circuit’s Interpretation of ‘Debt Collector’ Under FDCPA
The Eleventh Circuit’s ruling creates a circuit split with the Third, Seventh, and Sixth Circuits through which these circuits held...
Legal
Report: FDIC Role ‘Inconsequential’ to Operation Choke Point
The FDIC played an “inconsequential” role in the Justice Department’s Operation Choke Point, according to a report today from the...
Banks Win Class Certification in Target Data Breach Litigation
The court also named Zimmerman Reed and Chestnut Cambronne as class counsel and Umpqua Bank, Mutual Bank, Village Bank, CSE...
ALJ Dismisses SEC Insider Trading Case
Boland settled with the SEC in May and paid a $75,000 penalty. Boland was not required to admit or deny...
Second Circuit Rules Whistleblowers Protected Without Reporting to SEC
The decision creates a circuit split with the Fifth Circuit, which previously held that a whistleblower could not bring an...
Two Intellectual Ventures Banking Patents Invalidated Under Alice
The decision leaves only Capital One’s antitrust counterclaims to be resolved.
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...
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...
