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Rally Credit Union, the Credit Union National Association, and Cornerstone Credit Union League (Credit Union Intervenors) have filed a joinder to the motion for preliminary injunction filed by Texas First Bank, Independent Bankers Association of Texas, and Independent Community Bankers of America (Community Bank Intervenors) in the Texas lawsuit challenging the CFPB’s final small business lending… [read post]
A Texas credit union and two credit union trade associations have been granted leave to intervene in the lawsuit challenging the CFPB’s final small business lending rule (Rule) that is pending in a Texas federal district court. [read post]
17 Dec 2014, 1:29 pm by Barbara S. Mishkin
Mishkin A new lawsuit filed by the CFPB alleges that a Texas-based company, Union Workers Credit Services, deceived consumers into paying fees to sign up for a “platinum card” that purported to be a general-use credit card but, in actuality, could only be used to buy products from the company. [read post]
4 Jan 2008, 3:27 am
NY Lawyer [and Law.Com] report that a Texas business owner has sued Weil Gotshal & Manges over its handling of a Texas credit union acquisition. [read post]
12 Jun 2019, 8:00 am by Adam Faderewski
Prime Partner banks and credit unions voluntarily pay higher interest rates for Interest on Lawyers’ Trust Accounts, or IOLTA, to raise money for civil legal aid and to support improvements to the justice system. [read post]
20 Jul 2021, 10:07 am by The Law Office of Greg Tsioros
When you work for a financial institution like a bank or credit union, you are expected to follow strict security measures. [read post]
4 Feb 2015, 12:54 pm by Joel E. Tasca
Tasca Last December, the CFPB sued a Texas-based company, Union Workers Credit Services, alleging that the company deceived consumers into paying fees to sign up for a “platinum card” that purported to be a general-use credit card but, in actuality, could only be used to buy products from the company. [read post]
18 Jun 2013, 3:11 pm by WOLFGANG DEMINO
FINANCIAL INSTITUTION'S LEGAL THEORY FOR COLLECTION OF CREDIT CARD DEBT IN TEXAS COURTS: BREACH OF CONTRACT In Texas, collection of the amount due under a credit card agreement is treated as a claim for a breach of contract. [read post]
12 Jun 2019, 8:00 am by Adam Faderewski
Prime Partner banks and credit unions voluntarily pay higher interest rates for Interest on Lawyers’ Trust Accounts, or IOLTA, to raise money for civil legal aid and to support improvements to the justice system. [read post]
14 Dec 2013, 2:05 pm by WOLFGANG DEMINO
As was true of Citibank when it moved for summary judgment with a dubious motion against cardholder Jack Tully in one of the first precedent-setting Texas credit card debt collection case in recent history. [read post]
12 Apr 2018, 12:05 pm by Richard Hunt
Local 20 IBEW Federal Credit Union, 3:18-cv-00133-S, Northern District of Texas). [read post]
30 Sep 2013, 8:22 am by Editorial Board
On September 23, the National Credit Union Administration (as liquidator for the Southwest Corporate Federal Credit Union and Members United Corporate Federal Credit Union), filed nine separate suits in the federal district court for the Southern District of New York against several investment banks for a total of $2.4 billion. [read post]
17 Aug 2023, 5:48 pm
Personal loans from banks or credit unions offer larger amounts at lower interest rates than payday loans, with longer repayment periods. [read post]
24 Dec 2022, 11:54 am by Unknown
This is a video lecture for my Administrative Law course at South Texas College of Law Houston [read post]
13 Mar 2012, 8:01 am by Rick Hasen
Spencer Bachus is fighting for his political life in Tuesday’s primary, but not everyone has given up on him — the chairman of the House Financial Services Committee can still count on his friends in the credit union industry. [read post]
  The Kentucky plaintiffs chose to file a separate lawsuit rather than intervene in the lawsuit pending in a Texas federal district court challenging the Rule filed by the American Bankers Association, Texas Bankers Association, and Rio Grande Bank and in which several credit unions, community banks, credit union and community bank trade associations, an auto floor plan lender, and a trade association for financial services companies and… [read post]
27 Jan 2014, 11:58 am by Editorial Board
District Court for the Southern District of New York trimmed claims from a lawsuit brought by the National Credit Union Administration Board, as liquidating agent for various federal credit unions, alleging that two Morgan Stanley entities made material misrepresentations in the offering documents for $400 million in RMBS. [read post]