News & Analysis as of

Banks Garnishment

Dickinson Wright

Bank Warning: Don’t Get Charged Millions for Processing Out-of-State Garnishments Improperly

Dickinson Wright on

I. Overview of Changes - On May 4, 2022, the Consumer Financial Protection Bureau (the “Bureau”) issued a Consent Order implicating how certain banking institutions must respond to Garnishment The Consent Order places...more

Ballard Spahr LLP

Takeaways for Banks from the CFPB’s Recent Consent Order on Garnishment Orders

Ballard Spahr LLP on

In a recent consent order with a national bank, the CFPB found that the bank committed UDAAP violations in its process for handling garnishment orders and by including certain waiver language in its deposit account...more

Ballard Spahr LLP

CFPB fines bank $10 million for conduct related to bank account garnishments and account agreements

Ballard Spahr LLP on

The CFPB recently ordered a bank to cancel garnishment fees, review its system for processing garnishment orders, cease using contracts which limit consumer rights, and pay a $10 million penalty to the CFPB’s Civil Penalty...more

Ballard Spahr LLP

Application of FDCPA to Social Security benefits at issue in CFPB Second Circuit amicus brief

Ballard Spahr LLP on

The CFPB has filed an amicus brief in support of the plaintiff in Arias v. Gutman, Mintz, Baker & Sonnenfeldt, PC and 1700 Development Co., a FDCPA case on appeal to the U. S. Court of Appeals for the Second Circuit. In its...more

Patterson Belknap Webb & Tyler LLP

Seventh Circuit Affirms Dismissal of 99% of Motorola’s Claims in LCD Case Based on Motorola’s Lack of Standing

On the day before Thanksgiving—less than two weeks after oral argument—the Seventh Circuit issued its ruling on Motorola’s interlocutory appeal in Motorola Mobility LLC v. AU Optronics Corp., affirming dismissal of the vast...more

Katten Muchin Rosenman LLP

OCC Issues Garnishment Guidance

On April 1, the Office of the Comptroller of the Currency (OCC) issued the “Garnishment of Accounts Containing Federal Benefit Payments” booklet, which is new to the Comptroller’s Handbook. The booklet contains interagency...more

6 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide