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
On April 6, 2020, the Federal Deposit Insurance Corporation (FDIC), Board of Governors of the Federal Reserve System, and Office of the Comptroller of the Currency issued two interim final rules that make changes to the...more
On Friday, December 2, the Office of the Comptroller of Currency (OCC) announced that it would start considering applications for special purpose national bank charters from financial technology (fintech) companies. The OCC...more