A U.S. District Court judge gutted the Federal Reserve’s debit card regulatory regime July 31, ruling the Fed rule disobeyed the law and ordering the regulator to rewrite it.
Judge didn't hint outcome in oral arguments. Unresolved questions - including legal standing - about ability to appeal.
Justice Department, Federal Reserve also can appeal the Wednesday ruling that threw out the 21-cent cap set by Durbin Amendment.
Complaint includes accusations that homeowners could lose homes because loan mods sat unprocessed on big bank desks.
Plaintiffs can use rule to claim discrimination using statistical analysis rather than intent.
Justice Federal Credit Union recently hosted two grand opening celebrations to commemorate the credit union’s official presence in Georgia with the merger of the Georgia Department of Public Safety Credit Union. The celebrations took place at branches in South East Atlanta and Forsyth. Both locations were the sites of the...
Justice Department cites failed corporate in lawsuit, says S&P rigged ratings to please bank customers.
When shoppers swiped their credit and debit cards to pay for purchases at Barnes & Noble stores last year, they didn’t expect to have their card and personal identification numbers stolen. But hackers had breached point-of-sale keypad card terminals at 63 Barnes & Noble stores in nine states.
The frequency of such incidents has made data security the top legal concern of 55% of in-house counsel, survey finds.
Mergers, mortgages and more seen populating the legal docket for credit unions in the year ahead, according to a team of credit union attorneys.