New York Gov. Andrew Cuomo signed a credit union-backed bill that places stricter guidelines when creditors subpoena information.
Law firms seeking relatively easy settlements have helped fuel the numbers of lawsuits against both credit unions and community banks over alleged failures to comply with ATM regulations.
This article will be among the news and features filling the pages of the next print edition of Credit Union Times.
See you in court. After failing to reach an agreement with two of the largest investment bank to recover losses from mortgage-backed securities sold to corporate credit unions, the NCUA last week filed civil lawsuits against RBS Securities, a Royal Bank of Scotland unit, and J.P. Morgan Securities. The agency is...
Experienced litigators in such matters retained by agency, which declines to speculate on costs.
A jury has ruled that Michigan First Credit Union was entitled to $5 million in damages from CUMIS Insurance Society Inc. in a case involving a wrongful denial of a fidelity bond claim.
After a seven-year legal battle, Michigan First CU is pleased with a court’s decision to uphold a 2009 verdict in a fidelity bond denial case.
Regulation E compliance on credit union ATM fee disclosure has apparently spawned a flurry of class action suits against CUs, CUNA Mutual Group reported Thursday.
Dan Mica stepped down after 14 years as CUNA's president/CEO on July 1. Mica, who had been a member of Congress and a lobbyist on behalf of the
Credit union ATM deployers should keep routinely checking their ATMs to make sure all their standard fee disclosures are up to date as law firms around the country have continued to file lawsuits alleging disclosure errors.