Last week, the Government Accountability Office released a report indicating that the Dodd-Frank Wall Street Reform has imposed increasing compliance burdens on community banks, credit unions, and industry associations. These typically smaller institutions […]
Texas and federal bank examiners intend to focus more closely on banks' cybersecurity practices in 2016. The Texas Department of Banking's September 15, 2015 Industry Notice 2015-8 announced it was "requiring that all banks measure their […]
Has your bank or other business been sued for violating the Truth In Lending Act's ("TILA") requirement for a notice of mortgage transfer based on a mortgage you acquired before May 20, 2009? If so, then a recent Ninth Circuit decision […]
A recent Fifth Circuit decision is helpful for lenders seeking to foreclose against a borrower asserting a Texas statute of limitations defense. In Boren et al. v. U.S. National Bank Association, the Borens failed to pay on a home equity note in 2008 […]
Debt collectors should be aware that they may need to quickly turn over their financial information in class actions brought under the Federal Debt Collection Practices Act (the “FDCPA”). According to a federal district court in Indiana, […]
On January 1, 2016, the Texas open carry law, House Bill 910 ("HB 910"), goes into effect. The law allows qualified individuals to carry openly displayed, but properly holstered, handguns into public businesses—including banks. This blog […]
This post concludes our summary of the recent Fifth Court of Appeals decision, JP Morgan Chase Bank, N.A. v. Borquez et al., 2015 WL 6690027 at *19 (Tex. App.—Dallas Nov. 3, 2015, no pet. h.), reversing a $4.3 million verdict against Chase […]
This post continues our summary of the recent Fifth Court of Appeals decision, JP Morgan Chase Bank, N.A. v. Borquez et al., 2015 WL 6690027 at *19 (Tex. App.—Dallas Nov. 3, 2015, no pet. h.), reversing a $4.3 million verdict against Chase […]
This three-part series of blog posts focuses on a recent Fifth Court of Appeals decision overturning a $4.3 million verdict against JP Morgan Chase Bank arising from the robbery and murder of an armored car driver at a Chase branch in Dallas. This first […]
Earlier this year, the charter for the Export Import Bank of the United States expired. American companies—including most notably Boeing, but also small businesses with export sales—use Ex-Im guarantees to reduce the cost of selling their […]
The new TILA-RESPA Integrated Disclosures (“TRID”) went into effect on Saturday, October 3, 2015. Since June, the Consumer Financial Protection Bureau (“CFPB”) assured lenders that it would show leniency to those that make a & […]
Late last week, the Federal Trade Commission filed an amicus brief in Davidson v. Capital One Bank (USA), N.A.,[1] a case brought by a consumer complaining of Capital One’s efforts to collect on a defaulted credit card. If adopted, FTC’s […]