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.
More than a month after a bankruptcy court determined that the former president/CEO of Texans CUSO Insurance Group was entitled to $21 million in a wrongful termination case, it appears the fight to collect could linger.
Three law firms representing credit unions and other card issuers with litigation pending against Heartland Payment Systems are urging card issuers to reconsider signing on to the offer.
Three Houston law firms representing credit unions and other card issuers in litigation against Heartland Payment Systems over the firm's 2008 card data security breach have criticized a proposed settlement of those cases.