Eleventh Circuit holds that willful FBAR penalties are subject to the Eighth Amendment’s Excessive Fines Clause
The Bank Secrecy Act requires American citizens and residents with foreign bank accounts to report those accounts to the IRS ...
Tag: Banking Docket
TD Bank agrees to pay $28 million to resolve CFPB’s consumer reporting allegations
TD Bank agreed to pay $28 million to resolve CFPB’s allegations claiming it violated the FCRA, Furnisher Rule and CFPA ...
Morgan Stanley agrees to pay $2 million to resolve First Republic stock sale allegations
Morgan Stanley agreed to pay the commonwealth of Massachusetts $2 million to resolve allegations that it failed to ensure a ...
ABA files amicus brief urging Tenth Circuit to affirm dismissal of Custodia Bank’s lawsuit over master account
ABA filed a coalition amicus brief urging the Tenth Circuit to affirm a Wyoming federal district court decision ruling the ...
ABA files amicus brief supporting PNC rehearing petition on Fourth Circuit ruling that TILA’s offset provision applies to HELOCs
ABA filed an amicus brief urging the Fourth Circuit to grant PNC’s petition for rehearing or rehearing en banc of ...
ABA files coalition amicus brief urging Seventh Circuit to vacate HUD’s 2023 Disparate-Impact Rule
In 2013, HUD published a disparate-impact rule formalizing a burden-shifting test for determining whether a given practice has an unjustified ...
ABA files amicus brief urging Georgia appellate court to reverse trial court’s decision in overdraft fee lawsuit
ABA filed an amicus brief urging the Georgia Court of Appeals to reverse a trial court decision that held overdraft ...
Missouri federal court grants summary judgment, permanent injunction to block Missouri anti-ESG rules.
A Missouri federal court granted the Securities Industry and Financial Markets Association’s motion for summary judgment and a permanent injunction, ...
California federal court trims Silicon Valley Bank Financial Group’s $1.93 billion lawsuit against FDIC-C
At issue is whether the Federal Deposit Insurance Corporation, in its corporate capacity, unlawfully withheld $1.93 billion from Silicon Valley ...
Ninth Circuit reaffirms decision ruling National Bank Act does not preempt California’s interest on mortgage escrow statute
In a unanimous unpublished memorandum disposition, a Ninth Circuit panel again rejected an argument that California’s interest-on-escrow statute is preempted ...
