Posts Tagged ‘Lawsuit’

Lawsuit against CFPB challenges UDAAP policy, funding structure

Lawsuit against CFPB challenges UDAAP policy, funding structure

Wednesday, a complaint led by the U.S. Chamber of Commerce was filed against the CFPB and Director Rohit Chopra challenging the bureau’s March 2022 update to the Unfair, Deceptive, or Abusive Acts and [...]

CUNA files brief with appellate court in FDCPA lawsuit

CUNA files brief with appellate court in FDCPA lawsuit

CUNA joined the Chamber of Commerce and multiple bank trade associations in filing an amicus brief this week in a Fair Debt Collection Practices Act (FDCPA) case that will be heard en banc by the [...]

District court dismisses MLA class action lawsuit

District court dismisses MLA class action lawsuit

The U.S. District Court for the Eastern District of Virginia last week dismissed a class action lawsuit related to the Military Lending Act's (MLA) exception for motor vehicles. Among the points in the decision, [...]

ACH transfer fee class action lawsuit

ACH transfer fee class action lawsuit

In March 2021, plaintiffs’ attorneys filed a class action lawsuit against Bank of America asserting that certain fees assessed for making automated clearinghouse (ACH) transfers were improper and should be refunded to consumers. Pointing to [...]

Lawsuit filed after CEO’s death

Lawsuit filed after CEO’s death

Three hours after County Educators Federal Credit Union President/CEO Glenn South died at a New York City hospital on March 30, 2017, someone allegedly deleted documents from the executive’s desktop computer in his [...]

Big banks sued for price-fixing GSE bonds

Big banks sued for price-fixing GSE bonds

The state of Pennsylvania is bringing a class-action lawsuit against more than a dozen of the world's biggest financial institutions for allegedly price-fixing bonds issued by government-sponsored enterprises Fannie Mae and Freddie Mac. The lawsuit [...]

NAFCU files 7th amicus to support CU in ADA suit

NAFCU files 7th amicus to support CU in ADA suit

NAFCU on Friday filed its seventh amicus brief in support of credit unions facing litigation over unclear website accessibility requirements under the Americans with Disabilities Act (ADA). NAFCU's latest filing is the second in a [...]

Another CU’s lawsuit over ADA dismissed

Another CU’s lawsuit over ADA dismissed

In another victory for credit unions facing litigation over unclear website requirements under the Americans with Disabilities Act (ADA), a federal district court in Virginia found that the plaintiff to such a lawsuit did not [...]

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