On September 8, 2022, the Consumer Financial Protection Bureau (CFPB) issued a consent order requiring a bank to pay a $50 million penalty and to refund at least $141 million to consumers allegedly harmed by the bank’s...more
Last month, the latest class action regarding bank-charged returned payment fees passed a motion to dismiss in Mawyer v. Atl. Union Bank. This comes on the heels of the Federal Deposit Insurance Corporation (FDIC)'s recent...more
5/19/2022
/ Banking Examinations ,
Breach of Contract ,
Class Action ,
Consumer Contracts ,
Deposit Accounts ,
FDIC ,
Fees ,
Financial Services Industry ,
Insufficient Funds ,
UDAP ,
Unfair or Deceptive Trade Practices