Court cases

HSBC to pay $175 million to settle Fed probe of forex practices

09/29/17

Also on Friday, Deutsche Bank agreed to pay $190 million to settle allegations that it rigged foreign exchange rates.

[more]

CFPB arbitration rule is an undeniable win for consumers

09/22/17

The Consumer Financial Protection Bureau’s final rule on arbitration clauses may be bad news for alleged corporate wrongdoers like Equifax and Wells Fargo, but surely for the victims of such wrongdoing — and for consumers, generally — it is good news indeed.

[more]

Don’t let court squander online lenders’ chance to reach underserved

09/19/17

Most of the country has never heard of Madden v. Midland Funding, but the impact of the misguided court decision on consumers is far-reaching.

[more]

Credit markets need legislative guidance after Madden decision

09/14/17

A long-term discussion about rethinking rules of the credit market is worth having, but for right now Congress should restore clarity by correcting the Second Circuit’s mistake.

[more]

Wells faces lawsuits; Bitcoin tops $4,000

08/14/17

Bank accused of overcharging small-business credit card customers; is digital currency an investment vehicle ot just a currency?

[more]

Trump eyes OCC chief; Miami can sue banks

05/02/17

The president may soon replace Thomas Curry as bank regulator with an interim appointment; Supreme Court says city can sue B of A and Wells Fargo over predatory lending.

[more]

Online lenders spooked by Colorado's tough stance on interest rates

04/05/17

Digital lenders have been partnering with banks to get around state-by-state usury caps, but that approach is facing tougher scrutiny.

[more]

OCC must stand up for preemption

03/20/17

The Office of the Comptroller of the Currency can give lenders relief from the effects of a recent court decision over interest rate authority, but only if the agency chooses to do so.

[more]

Would weakening regulators' edge in court backfire on banks?

02/21/17

Banks have long been eager to see regulators knocked down a peg in the courts, but now that it might actually happen under President Trump, some are beginning to wonder if it might ultimately boomerang against the financial services industry.

[more]

ABA sues the Fed; Dimon's savvy investment

02/10/17

Bankers' association takes the Federal Reserve to court over dividends diverted to highway fund; JPMorgan Chase CEO makes a killing buying his stock at the bottom.

[more]