Michigan federal court dismisses overdraft fee maximization lawsuit against Flagstar Bank
A Michigan federal court granted Flagstar’s motion for summary judgment in a lawsuit alleging it unlawfully charged its customers overdraft ...
Tag: Banking Docket
Minnesota federal court dismisses Minnesota Bankers Association’s NSF fees lawsuit
A Minnesota federal district court dismissed the Minnesota Bankers Association’s and Lake Central Bank’s lawsuit challenging the FDIC’s supervisory guidance ...
D.C. federal court vacates CFPB Prepaid Rule
The Washington, D.C., federal district court granted PayPal’s motion for summary judgment in its lawsuit challenging CFPB’s Prepaid Rule.
Wyoming district court dismisses Custodia Bank’s lawsuit over master account
A Wyoming federal district court ruled the Kansas City Fed was not required to grant Custodia’s request for a master ...
U.S. Supreme Court rules pure omissions are not actionable under Rule 10b-5(b), settles circuit split
In a unanimous decision written by Justice Sonia Sotomayor, the U.S. Supreme Court ruled not disclosing certain information required by ...
Fifth Circuit Vacates Effective Denial of Preliminary Injunction, Orders Judge Pittman to Rule on Motion by May 10
In a unanimous decision (3-0), a Fifth Circuit panel vacated the district court’s effective denial of the preliminary injunction, remanded ...
Two investment advisers agree to pay $400,000 to resolve SEC AI washing allegations
Delphia (USA) Inc. and Global Predictions Inc. agreed to pay a combined $400,000 to resolve SEC allegations that it participated ...
Lender trade groups sue challenging Colorado’s ‘rate opt-out law’
The National Association of Industrial Bankers, American Financial Services Association and American Fintech Council sued Colorado Attorney General Philip Weiser ...
New York federal court determines reasonableness of investigation into alleged identity theft is a factual question under FCRA
A New York federal court denied a motion for summary judgment filed by HSBC in an FCRA lawsuit because the ...
Third Circuit rules student loan trusts subject to CFPB enforcement authority
In a 3-0 decision, a Third Circuit panel concluded student loan trusts are subject to CFPB enforcement under the Consumer ...
