News Topic: Disputes and judgments

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

The U.S. Supreme Court cleared a New York grand jury to get President Donald Trump's financial records while blocking for now House subpoenas that might have led to their public release before the election. ... Read full article

With the pandemic's economic toll leading to elevated billing error notices, the consumer bureau said card companies will not be cited if they fail to meet the typical time frame for resolving disputes. ... Read full article

The state's Division of Banking, led by a former bank CEO and trade group chief, blocked GreenState CU's move to buy seven branches from First American Bank. This is the second time this year regulators have halted a credit union-bank deal. ... Read full article

Documents released by the Office of the Comptroller of the Currency Thursday allege that senior leaders had reason to know that the wrongdoing was widespread but failed to act. ... Read full article

The OCC said Citigroup's main bank subsidiary violated the Flood Disaster Protection Act by not ensuring that borrowers with homes in flood hazard areas had insurance coverage. ... Read full article

An appeals court on Thursday denied bank groups an en banc hearing from all 11 appellate judges, but bankers said Friday that they're considering turning to the Supreme Court. ... Read full article

Perhaps the biggest test that Charles Scharf will face when he starts next week will be how to control expenses while still trying to make the necessary investments in risk management to satisfy regulators. ... Read full article

Investors got a reminder that the bank isn’t past its problems even as it seeks a fresh start under a new leader. ... Read full article

Banks are expected to appeal last week’s field of membership ruling, but credit unions must also explain why part of their new rule doesn't discriminate. ... Read full article

The regulator claimed Congress has already granted it the authority to define field-of-membership areas. ... Read full article

An eight-month-old consent order appears to be forcing the San Francisco bank to grapple more deeply than it did previously with the many failures that led to its account-opening scandal. ... Read full article

Payday lenders argue that banks cut ties with their industry due to pressure from biased and hostile regulators. But the reality, in some cases, may be more nuanced. ... Read full article

The Justice Department has decided against prosecuting three former U.S. executives of Rabobank that admitted it hid evidence about the flow of Mexican drug-cartel money, according to four people with knowledge of the probe's final stages. ... Read full article

Christian Sewing calls out the German bank's senior managers for using rumors of a merger with Commerzbank to excuse poor performance; banks in China begin using smartphones to pick up on lie-detecting facial tics. ... Read full article

A California man who says he unwittingly helped Russia conduct a disinformation campaign on social media before the 2016 U.S. presidential election has been sentenced to six months in prison and another six months of home confinement. ... Read full article

The Department of Justice and the Securities and Exchange Commission announced settlements Friday related to alleged misconduct that occurred during Renaud Laplanche’s tenure atop the online lender. ... Read full article

Renaud Laplanche agreed to pay $200,000 and accept a ban from the securities industry to settle a long-running SEC probe. A LendingClub subsidiary and the firm's former CFO, Carrie Dolan, were also fined. ... Read full article