Trade Groups Sue CFPB over Arbitration Rule "Credit News 24"

The American Bankers Association, the U.S. Chamber of Commerce, the Consumer Bankers Association, the Financial Services Roundtable and seve...

Federal Court Overturns Obama Administration Overtime Rule "Credit News 24"

A federal judge in Texas on August 31 overturned the Obama administration’s final rule doubling the salary level used to determine whether e...

NCUA Replies to ABA's FOM Lawsuit "Credit News 24"

The National Credit Union Administration (NCUA) filed a reply brief on August 9 to an American Banker Association (ABA) lawsuit challenging ...

Michigan CU Settles with Justice Department over Illegal Repossession of Servicemembers' Vehicles "Credit News 24"

The Justice Department announced on July 6 that COPOCO Community Credit Union, based in Bay City, Michigan, has agreed to a settlement to re...

Navy Federal Credit Union Sued over Its Overdraft Program "Credit News 24"

Credit Union Today is reporting that a class action lawsuit has been filed against Navy Federal Credit Union alleging breach of contract ove...

MidFlorida Credit Union Settles Overdraft Class Action Lawsuit "Credit News 24"

Credit Union Times is reporting that MidFlorida Credit Union (Lakeland, FL) will pay $2.375 million to settle a class action lawsuit regardi...

A Class Action Complaint Filed Against Centra Credit Union for Violating FCRA "Credit News 24"

In case you missed it, a class action complaint was filed earlier this year against Centra Credit Union (Columbus, IN) for violating the Fai...

Grow Financial Alleges GTE Financial Stole Trade Secrets and Private Member Information "Credit News 24"

Grow Financial FCU in Tampa has filed suit in federal court against GTE Financial Credit Union (Tampa). The lawsuit alleges that a former e...

ABA Files Motion for Summary Judgment in FOM Lawsuit "Credit News 24"

The American Bankers Association on Friday, May 26 filed a motion for summary judgment in its case challenging the National Credit Union Adm...

The Supreme Court Limits Ability of Patent Trolls to Cherry-Pick Friendly Courts "Credit News 24"

In the case of TC Heartland v. Kraft, the Supreme Court on May 22 unanimously affirmed prior precedents that patent infringement lawsuits ca...

Supreme Court Rules that Cities May Sue Banks under the FHA "Credit News 24"

On May 1, the Supreme Court in a 5 to 3 decision ruled that cities may sue lenders under the Fair Housing Act (FHA), alleging reduced proper...

Credit Suisse Settles with NCUA over Toxic Mortgage Securities "Credit News 24"

The National Credit Union Administration (NCUA) announced that it received $400 million from Credit Suisse for claims arising from losses re...

UBS Settles Lawsuit with NCUA "Credit News 24"

The National Credit Union Administration (NCUA) has recovered $445 million from UBS for claims arising from losses related to purchases of r...

Bellco Credit Union Sued for Discriminating Against Women On Or About to Start Maternity Leave "Credit News 24"

Bellco Credit Union (Greenwood Village, CO) is accused that it violated federal fair housing laws by not giving mortgage loans to women whil...

ITT Tech Nightmare Won't Go Away for Indianapolis CU "Credit News 24"

The Indianapolis Business Journal is reporting that the bankruptcy of ITT Technical Institute (ITT) continues to haunt Elements Financial Fe...

Jury Orders 4Front CU to Pay over $1 Million "Credit News 24"

A jury directed 4Front Credit Union (Traverse, MI) to pay $1,132,124 in damages to John M Floyd & Associates Inc. John M Floyd & Ass...

WESTconsin CU to Settle Class Action Lawsuit "Credit News 24"

WESTconsin Credit Union (Menomonie, WI) has agreed to a preliminary settlement of $700,000 to end a class action lawsuit that claimed the cr...

Oops! CU Trade Groups Retract Statement Saying ICBA Had Missed the Appeals Deadline "Credit News 24"

Credit union trade groups issued a correction after saying the legal deadline had passed for community bankers to file an appeal in their la...

Federal Government Sues to Evict VAntage Trust FCU "Credit News 24"

The federal government is seeking to evict VAntage Trust Federal Credit Union (Wilkes Barre, PA) from Department of Veterans Affairs owned p...

Landmark CU Sued over Unfair Overdraft Fees "Credit News 24"

Landmark Credit Union (New Berlin, WI) is being sued for charging its customers overdraft fees in a way that violates the Electronic Funds T...