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Ballard Spahr LLP

Credit unions seek injunction blocking enforcement of NY law reducing debt judgment interest rate

Ballard Spahr LLP on

Three credit unions have filed a federal class action lawsuit in the Southern District of New York seeking to halt the enforcement or implementation of New York’s recently passed S.B. 5724A which would retroactively and...more

Maynard Nexsen

Bankruptcy Court Holds Credit Union Policy Does Not Violate Discharge Injunction

Maynard Nexsen on

CentsAbility: Creditors' Rights Law Update - A New York Bankruptcy Court has held that a statement from a credit union in response to a Chapter 7 debtor who received a discharge of his obligations owed to the credit union ...more

Bradley Arant Boult Cummings LLP

Creditors and Debt Collectors Should Pay Close Attention to the CFPB’s Consent Order with Navy Federal Credit Union

Bradley Arant Boult Cummings LLP on

The Consumer Financial Protection Bureau (CFPB) announced a consent order with Navy Federal Credit Union (Navy Federal) on October 11, 2016. While financial institutions should always analyze CFPB consent orders closely and...more

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