Eleventh Circuit affirms Wells Fargo’s win in bitcoin fraud lawsuit
In a 3-0 decision, an Eleventh Circuit panel affirmed Wells Fargo’s summary judgment victory, concluding it did not act negligently ...
Tag: Banking Docket
Sixth Circuit dismisses Michigan First Credit Union’s cellphone scam lawsuit
In a 3-0 decision, a Sixth Circuit panel affirmed a Michigan federal court’s dismissal of Michigan First’s lawsuit against T-Mobile, ...
Seventh Circuit revives CFPB’s lender redlining lawsuit
In a 3-0 decision, a Seventh Circuit panel reversed an Illinois federal court’s dismissal of the Consumer Financial Protection Bureau’s ...
U.S. Supreme Court limits SEC’s use of in-house courts
In a 6-3 decision written by Justice John Roberts, the U.S. Supreme Court ruled the SEC’s use of its in-house ...
U.S. Supreme Court broadens time limit for Administrative Procedure Act claims
In a 6-3 decision written by Justice Amy Coney Barrett, the U.S. Supreme Court ruled the APA’s six-year statute of ...
U.S. Supreme Court overrules Chevron deference
In a landmark 6-3 decision written by Justice John Roberts, the U.S. Supreme Court overruled Chevron deference, holding that courts ...
Texas federal court partially enjoins DOL’s overtime final rule
Therefore, if a bank has exempt employees who make between $35,568 and $43,888, the bank will need to reclassify the ...
ABA files coalition amicus brief supporting Huntington National Bank over scope of guaranty agreements
ABA filed a coalition amicus brief urging the Ohio Supreme Court to reverse the First Appellate District of Ohio’s decision ...
ABA files amicus brief supporting Bank of America in tax interest lawsuit
ABA filed a coalition amicus brief urging the Fourth Circuit to reverse a North Carolina federal court’s ruling that BofA ...
Federal Reserve issues cease and desist order against Evolve Bank
On Aug. 30, 2023, the Fed issued a report identifying deficiencies in Evolve Bank’s management of OBD’s consumer compliance risk.
