Court cases

Citi trial puts banks on notice to make sure they’re not next

12/21/20

Win or lose, Citibank’s battle to recover half a billion dollars from an accidental payment is sure to prompt a review of internal controls in the industry and could have a lasting impact on the more than $1 trillion syndicated loan market.

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Supreme Court hints FHFA's Calabria could keep job after all

12/09/20

Many have assumed the high court would rule that presidents can fire the Federal Housing Finance Agency director at will. But during oral arguments in a case challenging the agency’s structure, some justices suggested they could stop short of such a decision.

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Legal win could position credit unions for more federal suits

09/09/20

A recent victory for Navy Federal opens diversity jurisdiction to federally chartered credit unions, allowing them to more easily bring matters before federal courts.

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Ruling in N.J. proxy fight thwarts bank's commercial lending ambitions

09/01/20

A state judge deciding a dispute between Spencer Savings and an investor said the mutual must get an independent review before switching from a savings association to a savings bank. The ruling may complicate mutuals' efforts to make more business loans.

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State regulator group, others back lawsuit against OCC fintech charter

07/31/20

The Conference of State Bank Supervisors, banking law scholars and consumer advocacy organizations filed amicus briefs siding with the New York State Department of Financial Services in its court battle with the federal regulator.

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BofA settles federal fair housing discrimination claim for $300K

07/24/20

Due to possible exploitation, Bank of America instituted a policy that limited loans to persons in guardianships, but later ended that policy.

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CapStar agrees to end long-running litigation against investor

07/24/20

The Nashville bank had sued Gaylon Lawrence in 2017 over allegations that he was pursuing an illegal takeover, but the two sides announced terms of a settlement.

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Truist, Truliant Federal Credit Union settle trademark suit

07/16/20

The case stemmed from the credit union's claims that the bank's branding would create confusion among consumers.

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Supreme Court to take up FHFA constitutionality

07/09/20

The high court ruled June 29 that the structure of the Consumer Financial Protection Bureau violated the separation of powers.

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Supreme Court ruling eliminates autodialer use for FHA, VA collections

07/06/20

The court struck down a 2015 update to the Telephone Consumer Protection Act, which permitted robocalls to cell phones for government-related debt collection.

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