Litigation Developments

WBK Industry News - Litigation Developments

11th Circuit: No Standing for Risk of Future Harm from Identity Theft

19 Feb 2021

The U.S. Court of Appeals for the Eleventh Circuit recently held that a plaintiff does not have an actual injury sufficient to establish standing to...

FinCEN Reached $390 Million Settlement with Bank for BSA Violations

19 Feb 2021

FinCEN recently assessed a $390 Million civil money penalty against a national bank for violations of the Bank Secrecy Act (BSA). FinCEN determined that the...

CFPB Settles with Student Loan Servicer over Alleged Violations of Prior Consent Order

04 Feb 2021

The CFPB recently entered into a consent order with a student loan servicer, alleging violations of a prior consent order entered into in 2015, as...

CFPB Consent Order Against Lender over MLA Violations Granted

04 Feb 2021

The CFPB recently entered into a Stipulated Final Judgment and Order against a California-based online lender over allegations that the company violated the Military Lending...

11th Circuit Stretches Escobar Standard to Revive $284 Million FCA Suit

28 Jan 2021

Earlier this month Judge Charles Wilson, writing on behalf of the Eleventh Circuit, reversed a decision by the Northern District of Georgia granting summary judgment...

Supreme Court Leaves in Place 5th Circuit’s Ruling on the Use of Statistical Data in False Claims Act Complaints

21 Jan 2021

The Supreme Court denied a relator’s petition to review a decision by a panel of the U.S. Court of Appeals for the Fifth Circuit, which...

Judge Vacates Parts of CFPB’s Prepaid Accounts Rule

21 Jan 2021

A federal judge in D.C. recently vacated the CFPB’s short-form disclosure requirement for prepaid products and the related 30-day credit linking restriction, as exceeding the...

9th Circuit Holds CFPB Director Validly Ratified CID Issued While the CFPB’s Structure was Unconstitutional

14 Jan 2021

On December 29, 2020, the U.S. Court of Appeals for the Ninth Circuit issued its decision on remand from the Supreme Court, following the Supreme...

CFPB Reaches Settlement with National Military Lender over MLA, EFTA, and CFPA Violations

14 Jan 2021

Late last year, the CFPB issued a Consent Order against a Nevada-based military financing company specializing in installment lending for military personnel and those affiliated...

CFPB Brings Enforcement Action and Proposed Judgement Against Home Security Company

07 Jan 2021

Earlier this month, the CFPB along with the Arkansas Attorney General, filed a complaint against a Utah-based security company, seeking injunctive relief, monetary relief and...

CFPB Reaches Settlement with Debt Collector over Deceptive Practices

17 Dec 2020

Last week, the CFPB issued a Consent Order against a New Jersey based debt-collection agency (Agency) over allegations that the Agency regularly violated the FDCPA...

CFPB Enters into Consent Order with Payment Processor for Deceptive Practices

10 Dec 2020

The CFPB recently entered into a consent order with a payment processing company and its founder and owner (collectively referred herein as “Respondents”) for deceptive...