News & Analysis as of May 16, 2025

Unfair or Deceptive Trade Practices

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The Federal Deposit Insurance Corporation is a United States federal agency created in 1933 in response to widespread bank failures in the 1920s and early 1930s. The FDIC's mission is to maintain stability and consumer confidence in the United States banking system by insuring deposits, monitoring the health of financial institutions and managing receiverships. less -

FDIC fines bank $650K for alleged unfair and deceptive acts

Orrick, Herrington & Sutcliffe LLP on 2/12/2025

On January 31, the FDIC publicly announced its order for a bank in Sandy, Utah, to pay a civil money penalty of $650,000 due to allegations of deceptive acts and unfair practices. ...more

Wiley Consumer Protection Download (August 20, 2024)

Wiley Rein LLP on 8/21/2024

Welcome to Wiley’s update on recent developments and what’s next in consumer protection at the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC). In this newsletter, we analyze recent regulatory...more

Wiley Consumer Protection Download (October 17, 2023)

Wiley Rein LLP on 10/17/2023

Suit Alleging FDIC Overdraft Overreach May Not Make Waves

Moore & Van Allen PLLC on 9/25/2023

When following supervisory scrutiny of fees charged to bank customers, the activities of the Consumer Financial Protection Bureau, or CFPB, are often the focus. The Minnesota Bankers Association and Lake Central Bank of...more

FDIC Requiring NSF Fee Refunds in Examinations

Stinson LLP on 5/19/2022

Last month, the latest class action regarding bank-charged returned payment fees passed a motion to dismiss in Mawyer v. Atl. Union Bank. This comes on the heels of the Federal Deposit Insurance Corporation (FDIC)'s recent...more

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