There have been an increasing number of demand letters and lawsuits against businesses (colleges, retailers, hotels, and financial institutions) alleging that the businesses’ websites are not accessible to people with disabilities.
CMG warns bond policyholders on overdraft fee lawsuits, your questions answered on members
stopping payment on cashier’s checks, plus this week’s legal briefs.
The American Bar Association (ABA) reported in its June 2014 Journal that a new round of Americans with Disabilities Act (ADA) lawsuits is being seen. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “Can we collect a debt owed to us by a minor?”
Credit unions need to make sure they’re protected by indemnification provisions in the contracts they sign with third-party service providers and other vendors if they hope to avoid patent-infringement lawsuits.
With lender liability lawsuits on the rise, credit unions could be at risk for class action lawsuits. Our Strategic Link business partner, the CUNA Mutual Group, details the three most common flaws leading to legal liability.
President Obama signed two bills with implications for credit unions into law Thursday. An NWCUA-supported bill improving ATM fee disclosures will provide regulatory relief and protection from predatory lawsuits, while the other ensures privacy protection when working with the CFPB.
CUNA Mutual Group’s Brad Mundine explains the importance of reviewing overdraft policies given the multi-million-dollar settlements paid by big banks for related class-action lawsuits in recent years.
The U.S. House of Representatives voted unanimously yesterday in favor of legislation that would eliminate a burdensome regulation mandating that every ATM carry a physical placard notifying consumers of potential fees.
Less than two weeks after North Coast Credit Union became the first Northwest credit union hit with an opportunistic lawsuit regarding ATM fee posts, two Michigan credit unions settled similar suits in federal court.
Just as North Coast Credit Union has become the latest target of an opportunistic class-action suit regarding ATM fee notices, legislation has been introduced in Congress that could help put an end to these frivolous and potentially costly lawsuits.
Credit unions that charge a fee for non-member ATM use must post a sign warning consumers of the fee and must meet certain other benchmarks to ensure compliance with Regulation E.
CUNA Mutual Group offers simple preventative steps to help credit unions avoid costly fines and legal fees associated with ATMs.
The NCUA reached separate settlements this week with Citigroup and Deutsche Bank Securities regarding the sale of residential mortgage-backed securities to five wholesale credit unions. Net proceeds will go toward reducing assessments charged to credit unions to pay for the losses.
NWCUA business partner CUNA Mutual Group provides tips for credit unions to avoid costly fees and fines in their ATM programs.
Bauer Financial and Highline Financial found that 26 percent of Washington-based banks and 20 percent of Oregon-based banks are considered problematic or troubled.
An escalating number of class action lawsuits filed against credit unions for failing to comply with Regulation E requirements for disclosing ATM fees has triggered a significant risk concern for credit unions.