Finance and investment-related court cases

Supreme Court sends mixed signals in debt servicing case

04/18/17

Justices on the Supreme Court appeared exasperated with both sides for a case that would define whether companies that buy distressed debt are covered under a federal statute setting limits on their activities.

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California Supreme Court limits arbitration waivers

04/07/17

The California Supreme Court ruled Thursday that a provision in an arbitration agreement is invalid if it tries to waive a consumer’s right to stop future violations of laws.

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Republicans call on Mnuchin to rescind nonbank SIFI designations

03/28/17

A group of 10 Republican senators are calling on Treasury Secretary Steven Mnuchin to drop the government’s appeal of a ruling last year that rejected insurance giant MetLife’s designation as a systemically risky firm and to de-designate the remaining two SIFI nonbanks.

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Bank wins right to sue regulator over Camels rating

03/20/17

A bank took the unusual step of suing the FDIC over its Camels rating of 4 in a case that could set an important precedent for the industry.

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Justice Department turns against CFPB in constitutionality case

03/17/17

The Justice Department told a federal appeals court on Friday that President Trump should have the authority to fire the head of the Consumer Financial Protection Bureau.

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'More than parties and pretty pictures': Comments of the week

03/10/17

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

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Justice Department turns against CFPB in constitutional court case

03/06/17

The Justice Department plans to defend President Trump's executive authority by siding with PHH Corp. in the mortgage lender's controversial case alleging the Consumer Financial Protection Bureau is unconstitutional.

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CFPB's first jury trial to test agency overreach

02/22/17

The Consumer Financial Protection Bureau faces its first jury trial in April in a case that could test whether the embattled agency is overstepping its authority and if it can engage in what critics see as Operation Choke Point-style tactics.

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Wells fires four; GSE ruling upheld

02/22/17

Four retail managers are the first senior employees let go by the bank for their roles in the phony accounts scandal; federal court rules against investors in GSE suit.

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How the CFPB constitutionality case will play out

02/17/17

The Consumer Financial Protection Bureau's temporary legal victory on Thursday has lowered the odds that President Trump will seek to remove the agency's director, Richard Cordray, despite repeated calls by prominent Republicans for his ouster.

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