The suit challenges the NCUA’s authority to interpret and issue rulemakings on field of membership broadly granted by Congress in the late-90s.
Called a “publicity stunt” by CUNA CEO Jim Nussle, the lawsuit was filed Wednesday by the Independent Community Bankers of America challenging the NCUA’s revised MBL rule.
A class action lawsuit may trigger an avalanche of paperwork for credit unions. The suit was filed on behalf of consumers who were charged fees for using their debit cards at ARCO gas stations and ampm minimarts. Also today: Legal Briefs, and the Question of the Week.
Umpqua Bank Files Class Action Lawsuit Against Target; Survey Asks Whether Retailer Should be Held Liable for Losses Incurred by Credit Unions and Banks
A new Portland Business Journal survey asks readers to weigh in on who should bear the financial responsibility for data-breach losses at Target and other retailers. The poll comes on the heels of a class action lawsuit filed by Umpqua Bank against the nationwide chain.
A federal judge in Harrisburg, Pa., dismissed a lawsuit that had alleged a credit union violated the Electronic Funds Transfer Act with improper ATM fee notification, ruling that a third party had removed the credit union’s posted notice illegally.