ABA's Status Of Important Banking Cases
March 2007


Status of Important Banking Cases 

NEW THIS MONTH:

Page 8

New class action litigation filed in Northern District of California alleging that national banks have conspired to set excessive penalty fees for credit cards, Pinon v. Bank of America.
 

Page 9

National Bank challenges Connecticut statute that places conditions and limitations on origination of "refund anticipation loans," Pacific Capital Bank v. Burke.
 

Page 30

Tenth Circuit rules that claims under the Telephone Consumer Protection Act may not be assigned to third parties, potentially shutting down for-profit "consumer protection" scam, U.S. Fax Law Center, Inc. v. iHire, Inc.
 

Page 33

Petition filed with California Supreme Court arguing the preemption of state law causes of action by the Securities Litigation Uniform Standards Act, Wells Fargo Bank, N.A. v. Superior Court (Richtenberg).

 


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