The 2-to-1 ruling was issued this morning.
If approved in federal court, the settlement would earmark $20 million for the credit unions and other financial institutions that joined the class action suit.
See how human intervention impacted a recent court ruling on a TCPA complaint; your question answered on opening an account for someone without a Social Security number; plus this week’s legal briefs.
The decision allows credit unions and other financial institutions to coordinate use of attorneys, collection of evidence, requests of witnesses, and more.
Federal court rules on HUD disparate impact rule; question about monthly deposit account statements; and legal briefs.
The Office of Foreign Assets Control launched a simplified list of all non-SDN sanctions; joint debts after divorce question answered; and legal briefs.
A U.S. Court of Appeals overturned a lower-court ruling today that supported merchants’ arguments in the ongoing debate over the interchange fees financial institutions charge for accepting card-based transactions. The Fed’s cap on “swipe fees” is not too high, the court ruled.
Do we stop collecting payments on loans for a service member who is now on active duty?
The Federal Reserve Board will appeal a district court ruling striking down interchange fee caps.
A U.S. District court ruling strikes down the Federal Reserve’s price caps on debit interchange fees. The ruling could be devastating for some financial institutions. The NWCUA is working with CUNA to determine next steps.
A recent court decision vacates the Department of Labor’s Administrator Interpretation on Mortgage Loan Originators. The weekly Compliance Report has details.
An Oregon Supreme Court ruling opens the door for financial institutions to return to a quicker, less expensive non-judicial foreclosure process. More on how the ruling could affect credit unions is explained in this week’s compliance report.
New amendments to the Garnishments of Federal Benefits Payments Rule take effect June 28. This week’s compliance report explains new definitions and credit union responsibilities.
Credit unions braced themselves for a coordinated cyber attack that never materialized May 7, but they should not let their guard down. Cyber attack threats are continuous. If your credit union is not properly managing its risks, it could be liable in the event of an attack.
Can a conservator open multiple accounts?
We have a member that has been missing for a long time. No one has been able to locate him, and now his family wants to close his accounts. What should we do?
Regarding death of member account. We have the executor of the estate of our deceased member in to close the account. However, this account has a beneficiary, so the funds in this particular account go to the beneficiary; but can we give that information to the executor?
Washington credit unions offered support to Supreme Court Justices Susan Owens, Steve Gonzales and returning candidate Richard Sanders, who face election Aug. 7. Anthem tagged along for Justice Owens’ visits to credit unions.