CFPB Fines Regions $7.5M for Overdraft Program
The penalty against Regions is the first imposed by the CFPB related to overdraft fees.
Legal
Supreme Court Will Examine Article III Standing
The Supreme Court will decide whether a plaintiff has standing to sue for statutory violations under the Fair Credit Reporting...
FDIC Finalizes Changes to Limits on Failed Bank Asset Purchasers
The FDIC today issued a final rule making changes and clarifications to its prohibition on individuals or entities associated with...
Deutsche Bank Pays $2.5 Billion to Resolve Libor Charges
Deutsche’s deferred prosecution agreement is the largest of the Libor-rigging settlements.
Fifth Circuit Rules Texas Debt Collection Statute Not Preempted by HOLA
A Fifth Circuit ruling in Barzelis v. Flagstar Bank F.S.B. will raise questions about how to define a “borrower” under...
Target Proposes $19M Settlement with MasterCard
Will 90 percent of MasterCard-issuing financial institutions accept the network's settlement with Target?
Employers Can Decide That Physical Presence at Work is an Essential Function
On April 10, 2015, the Sixth Circuit Court of Appeals issued its long-awaited en banc decision in Equal Employment Opportunity...
U.S. Supreme Court Provides Roadmap to Avoid Baby Bump Blunders
On March 25, 2015, the Supreme Court issued its long-awaited opinion in Young v. United Parcel Service, Inc. to address...
California Federal Court Rules ‘No Surcharge’ Law Unconstitutional
Circuits are split on the constitutionality of laws prohibiting merchants from imposing a surcharge on customers for using a credit...
