litigation

Fiserv hit with lawsuit from small Pennsylvania credit union

05/02/19

The tech company denied allegations from Bessemer System Federal Credit Union regarding security issues and other problems with Fiserv's services.

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Wisconsin credit unions, banks get legal win in collections case

04/24/19

The Wisconsin Supreme Court upheld a "narrow interpretation" of a state-level consumer-protection law that maintains lenders' rights to collect debts without fear of being sued for damages.

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Payday lenders get unexpected reprieve from CFPB rule

03/22/19

The bureau had already proposed removing the underwriting portion of the rule, but a judge in Texas has indefinitely delayed the other key component as well.

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Supreme Court ruling in foreclosure case is a win for lenders

03/20/19

In a unanimous ruling, the court placed new limits on the ability of consumers to sue law firms that handle foreclosures on behalf of mortgage servicers.

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Madden lawsuit nears end, but online lenders still seek fix from regulators

03/18/19

The online lending industry has turned to the courts, Congress and now federal banking agencies in an effort, thus far fruitless, to blunt the impact of a 2015 appeals court ruling.

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PwC reaches $335M settlement on audit of failed bank, admits no guilt

03/15/19

PricewaterhouseCoopers settled a lawsuit in which the FDIC accused it of negligence in its role as external auditor for Colonial Bank. But FDIC board member Martin Gruenberg objected because the firm did not accept blame.

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Rivalry between two Silicon Valley lenders turns personal

03/14/19

Seven years after James Gutierrez left Oportun Financial and started a competitor, the acrimony sparked by the divorce is coming into public view.

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Will big banks' suit against NCUA be a bust?

03/06/19

Several megabanks have sued the National Credit Union Administration claiming breach of settlement in a previous case related to mortgage-backed securities, but trends may favor the agency.

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In a twist, Wells Fargo gets $240M payout in latest phony-account settlement

03/01/19

The settlement would mark a rare instance where the bank stands to benefit monetarily from a scandal that has severely damaged its reputation and cost it hundreds of millions in penalties.

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Several banks disclose exposure to clean energy firm's bankruptcy

03/01/19

At least four banks may lose certain tax benefits if it is proven that DC Solar operated an investor scheme.

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