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Judge Denies Consumer's Motion For Attorney Fees In Debt Collection Suit
ROCHESTER, N.Y. - Ruling that there was no mutual assent as to the terms of a judgment offer in a Fair Debt Collection Practices Act (FDCPA) lawsuit, a federal judge in New York on March 19 denied a...
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Judge Won't Alter, Amend Ruling In Fair Debt Collection Practices Act Lawsuit
NEW HAVEN, Conn. - Ruling that a consumer in a Fair Debt Collection Practices Act (FDCPA) lawsuit against a law firm has not shown any "intervening change in the controlling law, new evidence...
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Dismissal Of Collection Lawsuit Over Student Loan Debt Not Proper, Judge Rules
CHICAGO - A federal judge in Illinois on March 8 ruled that dismissal of a consumer's Fair Debt Collection Practices Act (FDCPA) lawsuit is not proper because the debt collector references allegations...
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Judge: Debt Collector's Use Of Computer Code On Envelope Does Not Violate Act
PHILADELPHIA - A debt collector did not violate provisions of the Fair Debt Collection Act (FDCPA) when it mailed a consumer a debt collection letter that contained a quick response computer code (QR...
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Federal Judge Allows FTC Suit Against Check Processor To Continue
LAS VEGAS - A federal judge in Nevada on March 1 denied consumer check processor Elite Debit Inc.'s motion for summary judgment, disagreeing with Elite Debit's argument that the Federal Trade...
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Federal Judge Declines To Dismiss Credit-Card Transaction Case
BIRMINGHAM, Ala. - A federal judge in Alabama on March 11 refused to dismiss a suit alleging that a merchant violated the Fair and Accurate Credit Transactions Act (FACTA) by printing more than the...
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Credit Card Statements Complied With Regulation, Federal Judge Rules
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...
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High Court Declines To Review Standing Ruling In Mortgage-Backed Securities Suit
WASHINGTON, D.C. - The U.S. Supreme Court on March 18 declined review of a Second Circuit U.S. Court of Appeals ruling that a pension fund has standing to assert claims for relief on behalf of...
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Special Master Appointed In AIG's Contract Suit With Special Purpose Vehicle
NEW YORK - A federal judge in New York on Feb. 26 granted a special purpose vehicle's motion to appoint a special master in a residential mortgage-backed securities (RMBS) contract suit and denied...
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MF Global SIPA Trustee, JPMorgan Reach Deal To Return $300M To Customers
NEW YORK - The Securities Investor Protection Act (SIPA) trustee in the MF Global Inc. (MFGI) bankruptcy on March 19 announced that he had reached a settlement agreement with JP Morgan Chase Bank N.A....
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Federal Judge Approves TD Bank's $62M Settlement In Overdraft Litigation
MIAMI - A federal judge in Florida on March 18 approved TD Bank NA's $62 million settlement that will allow the bank to exit a multidistrict litigation in which class members allege that several banks...
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9th Circuit Panel Denies Rehearing In ATM Fee Antitrust Suit
SAN FRANCISCO - A Ninth Circuit U.S. Court of Appeals panel on March 13 denied a petition for rehearing en banc filed by automated teller machine (ATM) cardholders in an antitrust class action lawsuit...
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ATM Fee-Notice Suit Can Proceed, Federal Judge Rules
DALLAS - A federal judge in Texas on March 15 declined to dismiss a consumer's putative class action alleging that an ATM operator violated the Electronic Fund Transfer Act's (EFTA) fee-notice...
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7th Circuit Affirms $53M Judgment In Favor Of Chase
CHICAGO - A district court correctly held that a settlement waived a borrower's implied warranty defenses and counterclaim, the Seventh Circuit U.S. Court of Appeals found Feb. 21, affirming a decision...
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1st Circuit: AIG Must Cover Failed Bank Executives' Claims
BOSTON - The First Circuit U.S. Court of Appeals on March 20 ruled that AIG Insurance Co. - Puerto Rico (AIG) must pay attorney fees and costs incurred by the directors and officers of the failed...
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Panel: Former Shareholder Of Failed Bank's Stock Can't Collect On Award
WASHINGTON, D.C. - An investor who sold his shares in Meritor Savings Bank after the bank went into Federal Deposit Insurance Corp. receivership is not entitled to collect on a $276 million award in a...
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Panel Affirms Dismissal Of MBIA's IndyMac-Related Suit Against FDIC
WASHINGTON, D.C. - The District of Columbia Circuit U.S. Court of Appeals on March 8 affirmed the dismissal of MBIA Insurance Corp.'s suit alleging that the Federal Deposit Insurance Corp., as the...
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8th Circuit: Note's Sale Doesn't Restrain FDIC's Power As Receiver
ST. LOUIS - The Eighth Circuit U.S. Court of Appeals on Feb. 27 affirmed the dismissal of a suit arising from the sale of a note issued by a failed bank, ruling that the Federal Deposit Insurance...
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11th Circuit Reverses, Affirms Rulings In FDIC Loan Repudiation Dispute
ATLANTA - The 11th Circuit U.S. Court of Appeals on March 13 affirmed in part and reversed in part a district court's rulings in a suit involving the repudiation of a construction loan agreement by the...
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11th Circuit Affirms Judgment Against Borrower In Failed-Bank Action
ATLANTA - The 11th Circuit U.S. Court of Appeals on March 19 affirmed the default judgment against a borrower and in favor of Branch Banking and Trust Co. (BB&T), which acquired his loan from a...
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