Regulation E news and trends

TCF Bank Sees Partial Ruling In Its Favor In Overdraft Fees Case Lodged by CFPB
Bank Regulation // September 12, 2017

Late last week, regional bank TCF Financial Corporation saw a judge dismiss some of the claims lodged against it by the Consumer Financial Protection Bureau. According to a news report in American Banker, a Minnesota district court judge threw out the government watchdog’s claims that...

CFPB Tweaks Proposed Prepaid Payroll Card Rules
B2B Payments // July 14, 2017

As a few individual states in the U.S. examine payroll and debit card rules, the Consumer Financial Protection Bureau also has this product on its mind. News reports Thursday (July 13) said the CFPB issued a proposal to amend regulations that affect payroll debit card...

Million-Dollar Hospital Cyberattack Sparks BOA Lawsuit
News // March 04, 2015

After a 2013 cyberattack cost it $1.03 million, a public hospital in Washington state is now suing Bank of America to recover some of its losses. The formal complaint, posted on KrebsOnSecurity, states that hackers first initiated two unauthorized payroll requests from the account of Chelan...

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TCF Bank Sees Partial Ruling In Its Favor In Overdraft Fees Case Lodged by CFPB

September 12, 2017
Late last week, regional bank TCF Financial Corporation saw a judge dismiss some of the claims lodged against it by the Consumer Financial Protection Bureau. According to a news report in American Banker, a Minnesota district court judge threw out the government watchdog’s claims that the company violated Regulation E. The rule, which was put […]

Million-Dollar Hospital Cyberattack Sparks BOA Lawsuit

March 04, 2015
After a 2013 cyberattack cost it $1.03 million, a public hospital in Washington state is now suing Bank of America to recover some of its losses. The formal complaint, posted...