News Topic: Court cases

The Supreme Court upheld using “disparate impact” over three years ago. But with HUD weighing a policy change, banks and advocacy groups are still at odds over the court decision. ... Read full article

Judges say a CashCall loan may have fit the state’s definition of an “unconscionable” interest rate. ... Read full article

The agency's settlement with Robert Moseley, Sr., and Robert Moseley, Jr., was enforced by the U.S. District Court for the Western District of Missouri. ... Read full article

A ruling involving a Cleveland law firm casts doubt on CFPB claims that attorneys misrepresent their role to consumers. ... Read full article

An uptick in fines and a new tactic to counter claims about the CFPB’s authority is in sharp contrast to the agency’s rhetoric. ... Read full article

The banking industry lost a key battle in the Supreme Court over the use of “disparate impact,” but legal observers see potential for the tide to turn if Judge Brett Kavanaugh is confirmed. ... Read full article

A federal appeals court in Texas agreed with Fannie Mae and Freddie Mac shareholders that the FHFA, led by a single director, violates the separation of powers. ... Read full article

Deutsche Bank failed and Goldman Sachs and Morgan Stanley restrained; antitrust lawsuit brought by retailers may be near a resolution. ... Read full article

It is still a long shot that a rival of Mick Mulvaney's will be able to reclaim the agency's top job, but judges have raised questions over whether Mulvaney can keep the position. ... Read full article

Pass/fail may be replaced by public capital ratio; high court allows company to prevent merchants from favoring other cards. ... Read full article

An appeals court has rejected claims by a Washington state housing finance agency that the National Homebuyers Fund is limited to operating in California. ... Read full article

Judge says agency should not exist; the Fed says the largest banks are “strongly capitalized” and could withstand a severe crisis. ... Read full article

The bank’s head of global capital markets is joining a private equity firm; Jefferies mortgage bond trader is freed from prison. ... Read full article

House Republicans want more aggressive changes to Senate’s Dodd-Frank rollback bill; papers scrutinize the heir apparent to Lloyd Blankfein. ... Read full article

A three-judge panel for the D.C. Circuit Court of Appeals has sided with the LSTA in its lawsuit seeking to reverse rules requiring CLO managers to hold "skin in the game" under Dodd-Frank. ... Read full article

Judge again throws out Leandra English’s attempt to take over agency; planned revamp may ease banks’ lending requirements to the poor. ... Read full article

Merchants have been challenging surcharge bans in numerous states on free-speech grounds. They have the wind at their backs following another court victory on Wednesday. ... Read full article

Bank faces a formal enforcement action for problems in mortgages and auto insurance; Judge throws out lawsuit, although plaintiff promises an appeal. ... Read full article