The Supreme Court created a little crack in the armor of the OCC's interpretation of the National Bank Act (NBA) on June 29, 2009, when it partially reversed a lower court ruling that the OCC's regulations prevented the Attorney General of the Sta
Could there be yet another major change in the works for U.S. currency? The final gavel hasn't dropped on that question, but the U.S.
Sola and Viseth initiated a class action case under the Truth in Lending Act and maintained that the fees charged for the processing of withdrawals against nonsufficient funds were finance charges.
(United States District Court for the Eastern District of Virginia)
In this case, the U.S. District Court upheld that for a loan to be rescinded, it must first be consummated.
(United States Court of Appeals for the Seventh Circuit)
This update was provided by Howard Lax of Lipson, Neilson, Cole, Seltzer & Garin, P.C. Culpepper Case Nears an End - July 19, 2007
This case provides an example of imperfect legislation and an apparently "dawdling DMV" that caused delayed perfection of a lien, giving a bankruptcy trustee the perfect opportunity to take advantage of an avoidable transfer.
(United States Court of Appeals for the Seventh Circuit)
On August 23, 2007, the U.S. Court of Appeals for the Seventh Circuit agreed with a lower court that there is no claim for damages for costs of past and future credit watch services subscribed to because of a data security breach.
When does a debtor's right to cure a mortgage default end? In its opinion filed on August 3, 2007, the Third Circuit Court of Appeals resolved a long-standing split of opinions between federal bankruptcy and district courts in New Jersey.