by: Jonathan Stempel A federal judge rejected HSBC Holdings Plc's bid to dismiss a U.S. lawsuit claiming that its failure to perform its duties as trustee for $2.37 billion of residential mortgage-backed securities [...]
Home Depot filed a motion in federal district court to dismiss the class action suit from financial institutions in the wake of the chain’s massive 2014 data breach affecting as many as 56 million [...]
by: Natasha Chilingerian The $602 million, Tuscaloosa, Ala.-based Alabama One Credit Union filed a federal lawsuit Monday against Alabama public officials – including Sen. Gerald H. Allen (R-Ala.), Gov. Robert Bentley’s chief legal advisor [...]
A U.S. District judge Monday dismissed three lawsuits--including one by the National Credit Union Administration--brought against U.S. Bank National Association and Bank of America, National Association regarding their duties as trustees of residential [...]
The National Credit Union Administration has filed a lawsuit suit in federal court against Wells Fargo Bank National Association, alleging the bank has failed to fulfill its duties as trustee for 27 residential mortgage-backed securities [...]
Alabama State Employees Credit Union, of Montgomery, last week became the first financial institution to file a class action suit against Target Corporation in the wake of its massive data security breach in November and [...]
The National Credit Union Administration today filed suit in federal district court in Kansas against 13 international banks, including J.P. Morgan Chase. The suit alleges violations of federal and state anti-trust laws transacted by [...]
JPMorgan Chase & Co., Barclays Plc, Credit Suisse Group AG and 10 other international lenders were sued by a U.S. credit union regulator alleging they illegally manipulated benchmark Libor interest rates. By Andrew Harris [...]
BY DAVID MORRISON Fourteen credit unions still have a chance to recoup some of the money they lost in the 2008 Heartland Payment Systems data breach. The Fifth District Court of Appeals has sided with [...]
by. Jonathan Stempel A U.S. regulator may proceed with parts of three lawsuits against JPMorgan Chase & Co to recover losses that now-defunct credit unions suffered on billions of dollars of residential mortgage-backed securities, [...]
The U.S. 10th Circuit Court of Appeals issued a ruling Tuesday that will allow the National Credit Union Administration to move forward with its lawsuit against 12 firms, including RBS Securities, which claims losses [...]
The Justice Department and Securities and Exchange Commission have filed civil suits claiming Bank of America defrauded investors in the sale of $850 million in residential mortgage-backed securities. The securities at issue were sold as [...]
Bank of America is back in the government's crosshairs. By James O'Toole @jtotoole The Department of Justice announced a civil lawsuit on Tuesday alleging that Bank of America defrauded buyers of mortgage-backed securities by lying [...]
By ALAN FARNHAM For two years an Oregon woman tried without success to get mistakes in her Equifax credit report fixed. Now a jury has awarded her $18.6 million for her trouble. Justin Baxter, [...]
The Consumer Financial Protection Bureau is facing yet another challenge to its constitutionality: This time, a pair of plaintiffs are arguing the agency structure insulates it from political accountability and internal checks and balances in [...]
