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Credit Card Statements Complied With Regulation, Federal Judge Rules

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NEW YORK - A federal judge in New York on March 18 dismissed a putative class action alleging that HSBC Bank Nevada N.A. (HSBC) violated the Truth in Lending Act (TILA) when it excluded from monthly statements certain fees and interest charges, finding that the statements complied with the TILA's Regulation Z (Martin Schnall, et al. v. HSBC Bank Nevada N.A., No. 11-8942, S.D. N.Y.; 2013 U.S. Dist. LEXIS 37148)....(read more)

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