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.
Legal
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.
MasterCard Settlement Not Accepted
MasterCard today said that not enough MasterCard-issuing banks accepted the proposed $19 million settlement with Target by the May 20...
DOL Will Enforce FMLA Same-Sex Spouse Rule Where Not Enjoined
Last month, we advised readers that a Texas federal district court had enjoined the Department of Labor from enforcing its...
MasterCard Settlement Acceptance Deadline is Wednesday
The deadline for MasterCard-issuing banks to determine whether they will accept the network’s $19 million settlement with Target related to...
