Posts in Banking Industry.

On Friday, January 13, 2017, the U.S. Supreme Court granted certiorari in Henson v. Santander Consumer USA, Inc. This case raises the question whether a debt buyer is a “creditor” or a “debt collector” under the Fair Debt Collection Practices Act (FDCPA). The answer to this question, it turns out, is far from clear since debt buyers fit ...

What do you do when a court certifies a class over your objection and denies your motion for directed verdict on the critical class certification issue at trial, and a jury awards $32 million ($54 million if you count pre-judgment interest) on an individual claim worth $133.80? 

More and more companies are defending lawsuits brought under the Telephone Consumer Protection Act (TCPA). Businesses that communicate with customers by phone or text using an automated telephone system should be aware of this helpful background information on the TCPA.

Schwab temporarily reverses class action waiver requirement

Sixth Circuit Vacates Class Settlement, Applies New “Preferential Treatment” Test
Ohio Supreme Court Grants Summary Judgment to KeyBank in Class Action Case
United States District Court for the Northern District of Ohio Addresses National Banking Act Preemption
Putative Class Action Against MERS Survives Dismissal: Pennsylvania Recording Statute Held to Be Mandatory

MERS class action dismissed in New Jersey federal court

ADA-ATM class action against credit union dismissed

Inaccurate court records haunt credit reports

Children at increased risk for identity theft

Credit report errors devastate consumers

Countrywide settles housing discrimination claims with Justice Department

A proposed settlement has been filed in the case of In re National City Corporation Securities, Derivative & ERISA Litigation Class Action, MDL No. 2003, Northern District of Ohio Case No. 1:08-NC-70004.

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