litigation

BB&T sues vendor Hitachi Vantara over costly 2018 outage

12/03/19

BB&T has said the outage, which blocked customers' account access for hours, cost it about $20 million.

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Trump loses appeal over Capital One, Deutsche Bank subpoenas

12/03/19

The ruling by a three-judge panel means the president will lose control of his long-secret business and personal records at the two banks unless the full court reconsiders or the U.S. Supreme Court blocks the decision.

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Early-bird special: CFPB to reward firms that quickly fix violations

12/02/19

The agency’s director previewed a policy for companies under enforcement action to have their orders terminated if they comply ahead of schedule.

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Highs and lows in FDIC's 3Q report on industry's health

11/26/19

One-time expenses at a handful of large banks marred an otherwise solid quarter, while higher charge-offs point to possible credit-quality concerns.

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Supreme Court to hear CFPB constitutionality case in March

11/26/19

The high court scheduled oral arguments on March 3 in the lawsuit dealing with a president's ability to fire the head of the Consumer Financial Protection Bureau.

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CFPB sued for allegedly failing to supervise student loan servicers

11/25/19

Democracy Forward filed the lawsuit Monday against the consumer bureau, Director Kathy Kraninger, the U.S. Department of Education and Education Secretary Betsy DeVos.

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OCC offers roadmap for banks to bypass ‘Madden’ ruling

11/18/19

The 2015 decision posed new legal challenges for institutions trying to sell loans to third parties, but the federal regulatory agency proposed Monday steps for banks and debt parties to evade state interest rate caps.

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OCC’s Otting on CRA timeline, Camels and fintech legal battles

11/12/19

The three federal bank regulators usually try to issue rules jointly, but Comptroller of the Currency Joseph Otting on Tuesday pointed to areas where the agencies may move on separate paths.

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Washington flexes its muscles on small-business lending

11/05/19

The CFPB, OCC and FDIC are signaling a renewed focus on the sector after regulation of it fell more to the states in recent years.

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What CFPB’s day in court will mean for FHFA

11/04/19

The Supreme Court is ready to weigh in on the CFPB’s leadership structure, but both agencies are facing similar constitutional challenges, suggesting a broader impact of any decision.

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