Litigation

Recent Posts

American Express Bank Pays $112 Million To Settle Deceptive Practices Claims
Posted on 1 Oct 2012 by Michael J. Lello

WASHINGTON, D.C. - (Mealey's) The Federal Deposit Insurance Corp. and the Consumer Financial Protection Bureau (CFPB) announced Oct. 1 that they have reached a settlement with American Express Centurion Bank, Salt Lake City, Utah, for deceptive debt... Read More

Tags: UDFI) , Consumer Financial Protection Bureau , financial services , Federal Reserve , Salt Lake City , In re: American Express Centurion Bank Salt Lake City , credit card marketing , American Express Centurion Bank , Federal Deposit Insurance Corp. , Litigation , class actions , CFPB , Utah , FDIC , Settlement , deceptive debt collection , Utah Department of Financial Institutions , Office of the Comptroller of the Currency , Securities

Lawsuit Wave Could Hurt Housing Market: FDIC Chief
Posted on 26 Oct 2010 by LexisNexis Litigation Resource Community Staff

ARLINGTON, Va. - (AP) A wave of lawsuits from troubled borrowers who lost their homes to foreclosure could hurt the already-ailing housing market, a top banking regulator said Monday. Sheila Bair, chairman of the Federal Deposit Insurance Corp., said... Read More

Tags: Sheila Bai , foreclosed homes , mortgage , Federal Reserve , borrowers , Federal Deposit Insurance Corp. , Litigation , housing market , foreclosure , lawsuit , FDIC , Fed , Ben Bernanke , homeowners

Debit Card Issuer Sues Fed Chairman Over Fees
Posted on 13 Oct 2010 by LexisNexis Litigation Resource Community Staff

SIOUX FALLS, S.D. - (AP) TCF National Bank sued Federal Reserve chairman Ben Bernanke and the Fed's board of governors on Tuesday, saying regulations limiting the fees a bank can charge retailers for debit card transactions are unconstitutional. Minnesota... Read More

Tags: debit cards , bank fees , TCF Financial Corp. , Wall Street Reform and Consumer Financial Protection Act , Federal Reserve , William A. Cooper , Fed board of governors , banks , Litigation , Visa MasterCard , lawsuit , Durbin Amendment , Ben Bernanke , TCF National Bank , Congress