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Round Two: TILA-RESPA Disclosure Integration Rule Presents Fresh Challenges to Banks

Here we go again. That sentiment—or one close to it—is surely on the minds of many in financial institutions across the country. The reason: after a grueling race to prepare for sweeping changes to the mortgage industry that took effect at the beginning of 2014 , bank executives and their...

North Carolina Business Court: High to Low Posting of ATM Debit Card Transactions Properly Disclosed by Bank

The meaning of the word "item" was the definitive factor in the Business Court's decision last week in Gay v. People's Bank , 2015 NCBC 59 [ an enhanced version of this opinion is available to lexis.com subscribers ]. The case was an attempted class action involving claims against...

Operation Choke Point: Lawsuit Against Federal Bank Regulators Survives Motion to Dismiss, Proceeds to Discovery

by Camden R. Webb A federal court in Washington DC has ruled that a lawsuit against federal bank regulators challenging “Operation Choke Point” may proceed. Operation Choke Point is a program begun by the United States Department of Justice that was designed to “choke off”...