ABA Files Brief Challenging FCC Interpretations
ABA filed a friend of the court brief yesterday in an appeal of the Federal Communications Commission’s recent order regarding...
Legal
Target Settles Bankers’ Data Breach Claims
According to documents filed today, Target has agreed to pay approximately $39.4 million to settle claims by card issuers over...
DOJ’s Yates Details Individual Accountability for Corporate Crimes
In remarks today at the ABA/ABA Money Laundering Enforcement Conference, Deputy Attorney General Sally Quillian Yates announced an update to...
CFPB Outlines Initial Plans to Curtail Arbitration Agreements
The Consumer Financial Protection Bureau today unveiled a plan that would prohibit customers from waiving their ability to participate in...
Banking Cases to Watch on the Supreme Court’s Fall Docket
ABA is actively involved in several important cases impacting banking during the fall term of the U.S. Supreme Court.
Second Circuit Upholds NYC Ban on Credit Card Surcharges
There is no uniformity among the federal courts regarding the constitutionality of the “no surcharge” law. California recently held that...
Wisconsin BJR Protects Directors, Not Bank Officers
Although the ruling is limited to Wisconsin, the decision weakens the personal liability protection of bank officers.
HUDSON CITY BANK PAYS $33 MILLION TO SETTLE REDLINING CLAIMS
On September 30, 2015, the Federal Reserve Board of Governors approved Hudson City's $3.7 billion merger with M&T Bank. The...
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...
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...
