Litigation Developments

WBK Industry News - Litigation Developments

DOJ Reaches Redlining Settlement with New Jersey Bank

13 Oct 2022

The Department of Justice (DOJ) recently reached a settlement with a New Jersey state-chartered bank over alleged discriminatory redlining lending practices. The bank allegedly failed...

Bank to Pay $1.3 Million to Settle Discriminatory Pricing Practices

13 Oct 2022

The DOJ recently entered into a consent order with a Tennessee bank to resolve allegations of unfair lending practices. In a complaint filed on September...

Settlement Reached in First-of-its-Kind PPP FCA Case

06 Oct 2022

The U.S. Attorney’s Office for the Southern District of Florida recently reached a settlement in a False Claims Act qui tam action, originally brought by...

D.C. District Court Partially Rejects CFPB HMDA Reporting Rule

06 Oct 2022

The U.S. District Court for the District of Columbia recently rejected part of a rule promulgated by the CFPB in 2020 that increased the loan-volume...

National Bank Exempt from NY Law Requiring Escrow Interest Payments

29 Sep 2022

Earlier this month, a three-judge panel in the Second Circuit ruled in favor of a multinational investment bank (the Bank), finding national banks to be...

NY Federal Court Allows OD Fee Case to Move Forward

29 Sep 2022

The U.S. District Court for the Northern District of New York (NDNY) recently denied a bank’s motion to dismiss a breach of contract claim in...

DOJ Reaches First Settlement with PPP Lender over False Loan Application

22 Sep 2022

Earlier this month, the DOJ announced its first False Claims Act (FCA) settlement with a Paycheck Protection Program (PPP) lender, resolving allegations that the bank...

11th Circuit Holds Outsourcing to Mail Vendors Not Actionable Under FDCPA

22 Sep 2022

In a recent en banc decision, the U.S. Court of Appeals for the Eleventh Circuit held that a debt collector’s disclosure of a consumer’s debt...

Consumer Protection Class Action Case Against Large National Bank Moves Forward

15 Sep 2022

Earlier this month, a District Judge in the Western District of North Carolina denied a large national bank’s (Bank’s) Motion to Dismiss a pending class...

3rd Circuit Compels Arbitration Despite Challenge to Assignment of Contract

15 Sep 2022

A three-judge panel from the U.S. Court of Appeals for the Third Circuit recently compelled arbitration on the threshold question of arbitrability in a class...

Global Beauty Brand Settles Violations of CCPA over Shared Consumer Data

08 Sep 2022

Last month, the California Attorney General announced a $1.2 million settlement resolving allegations that an international beauty retailer violated the California Consumer Privacy Act (CCPA)...

5th Circuit Holds Mere Statutory Violation of FDCPA Does Not Establish Standing

01 Sep 2022

A three-judge panel from the U.S. Court of Appeals for the Fifth Circuit recently held that Article III standing cannot be established for a claim...