Financial Institutions, Credit Reports, Banks

Does the bank have a right to close a customer's account as a result of multiple bounced cheques?

Awatif Mohammad Shoqi Advocates & Legal... on 5/13/2025

In the UAE, it is legally permissible for banks to close a customer’s account if multiple checks are returned due to insufficient funds. All the banks and financial institutions in the UAE are regulated by the Central Bank of...more

Finding a Way Out From Under Financial Abuse

Bowditch & Dewey on 8/9/2024

According to the National Domestic Violence Hotline, 27% of people in physically abusive relationships also reported experiencing financial abuse. Financial abuse takes many forms and does not discriminate based on race,...more

New California Class Action Highlights Recent Focus on Autopay Cancellations

Husch Blackwell LLP on 10/6/2023

Last month, a cardholder filed a class action lawsuit in California against a national bank alleging that the bank failed to inform the consumer that his automatic payment enrollment would be canceled after a period of credit...more

CFPB Releases Monthly Complaint Report for September

Stinson LLP on 11/2/2015

On October 27, 2015, the Consumer Financial Protection Bureau (CFPB) released its latest Monthly Complaint Report, which provides an overview of three-month trends in consumer complaints. This Monthly Complaint Report also...more

#Retweet the #CFPB: How Social Media is Affecting Consumer Advocacy

Baker Donelson on 9/28/2015

Social media has become an integral part of our society, and now it's playing a big role in our industry, too. The Consumer Financial Protection Bureau (CFPB) is harnessing the power of Facebook and Twitter not only to create...more

CFPB Monthly Reports to Emphasize Consumer Complaint Trends

Troutman Pepper Locke on 7/23/2015

On July 16, 2015, the Consumer Financial Protection Bureau (CFPB) issued the first in a new series of monthly reports that will “highlight key trends from consumer complaints submitted to the [CFPB].” According to the CFPB...more

CFPB Director Proposes Checking Accounts for All

Davis Wright Tremaine LLP on 10/13/2014

On Wednesday, in a speech at the Forum on Access to Checking Accounts CFPB Director Richard Cordray returned to two of his most frequent themes – the consumer reporting process and urging actions that he is unable to mandate....more

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