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Federal Court Ruling on Placement of ATM Fee Notice Favors Consumers
On July 25, the U.S. District Court for the District of Minnesota granted summary judgment to a consumer alleging that the placement of an ATM fee notice on the inside of a “hooded ATM” was not...
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Federal Banking Regulators Issue Supplemental Statement Regarding Borrower...
On November 14, the Federal Reserve Board, the OCC, the National Credit Union Administration, and the FDIC supplemented a prior statement on the impact of Hurricane Sandy on customers and the...
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Congress Acts on Several Banking Bills, Two Set for President’s Signature
On December 11, the U.S. Senate passed by voice vote two bills impacting bank supervision and compliance. The first, H.R.4014, amends the Federal Deposit Insurance Act to protect information submitted...
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President Signs ATM Disclosure Bill and CFPB Privilege Bill
On December 20, President Obama signed two bills impacting bank supervision and compliance. These bills were sent to the President after the Senate approved both measures on December 11. The first,...
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FFIEC Advises Banks On Website, ATM Cyber Attacks
On April 2, the FFIEC advised financial institutions that distributed denial-of-service (DDoS) attacks on a financial institution’s public websites present operational and reputation risks. If coupled...
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Federal Reserve Board Reports On Prepaid Cards, Domestic Payments
Recently, the Federal Reserve Board released two payments-related reports: (i) a report to Congress on government-administered general use prepaid cards; and (ii) a detailed report on the Federal...
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OIG for U.S. Postal Service Probes Expansion Into Financial Services
On May 21, the Office of Inspector General for the U.S. Postal Service (OIG) issued a report titled, “The Road Ahead for Postal Financial Services.” The report follows a January 2014 white paper issued...
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