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...
Legal
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...
Supreme Court Ruling Protects Second Mortgage Holders
The Supreme Court today ruled unanimously against borrowers who sought to void second mortgages in Chapter 7 bankruptcy when their...
First Tennessee Bank Pays $212.5M to Resolve FCA Allegations
First Tennessee Bank admitted to originating and underwriting loans that were not eligible for Federal Housing Administration insurance.
