By C. Ryan Barber | January 23, 2018
“Indeed, I think it is fair to say that the previous governing philosophy here was to aggressively 'push the envelope' in pursuit of the 'mission;' that we were the 'good guys' and the 'new sheriff in town,' out to fight the 'bad guys.' Simply put: that is what is going to be different,” Mulvaney told CFPB staff on Tuesday.
By Karen Sloan | January 23, 2018
The University of California's five law schools will receive just a fraction of a settlement between Bank of America and a California couple it put through the wringer as they sought a mortgage modification.
By C. Ryan Barber | January 22, 2018
U.S. District Judge John F. Walter on Jan. 19 ruled the CFPB had failed to show that any restitution was appropriate. He ordered CashCall—represented by lawyers from Skadden, Arps, Slate, Meagher & Flom and Latham & Watkins—to pay a penalty of about $10.3 million, the statutory minimum.
By C. Ryan Barber | January 18, 2018
"This case should never have been brought in the first place. We're pleased that the bureau has decided to withdraw a lawsuit," Lori Alvino McGill, a Wilkinson Walsh + Eskovitz partner, said about the CFPB's decision Thursday to drop a lawsuit against payday lenders in Kansas federal court.
By Ross Todd | January 16, 2018
A team from Gibson, Dunn & Crutcher has joined the sprawling suits as plaintiffs seek to force the company to hold onto the batteries it's replacing in a wide-scale effort to address diminished performance in older iPhones.
By R. Robin McDonald | January 16, 2018
U.S. District Chief Judge Thomas Thrash Jr. has set up separate litigation tracks for 334 consumer suits and 62 suits by financial institutions against Equifax. Thrash also will preside over separate securities fraud claims against the Atlanta-based credit bureau.
By Charles Toutant | January 12, 2018
TD Bank has agreed to a $7.5 million settlement of suits claiming that its Penny Arcade coin-counting machines shortchanged depositors.
By Ross Todd | January 9, 2018
In France, the technology giant faces a preliminary criminal probe alleging “programmed obsolescence” of older iPhones, while plaintiffs are pushing for MDL treatment of at least 30 civil suits in the U.S.
By Charles Toutant | January 5, 2018
Amusement park operator Six Flags Entertainment faces a potential class action claiming it failed to comply with a 2003 federal law requiring truncation of credit card numbers on cash register receipts.
By Ross Todd | January 4, 2018
As the company scrambles to patch vulnerabilities that affect processors used widely throughout the computer industry, it faces at least one class action lawsuit and the prospect of more.
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