Topics: Banking Law - 15 results

A federal judge Tuesday ordered Wells Fargo to pay back more than $200 million it bilked from California customers in overdraft fees. The banking giant faces even bigger claims from another class action covering customers in several other states. Wells Fargo says it will appeal the judgment, claiming its overdraft policy was legal and not deceptive.   High-low debiting practice caused multiple overdrafts Overdraft fees charged on as many as 10 items daily Wells Fargo defends practice of paying important, …

Financial reform is finally ready for prime time. The Senate on Thursday passed the Dodd-Frank Act to combat the causes of the worst financial crisis since the Great Depression. The much-awaited law contains new rules for Wall Street trading, the banking industry, and consumer financial services.   Government can wind down Too Big To Fail firms Federal Reserve Bank heads Consumer Financial Protection Bureau Law leaves much detail to regulators to work out   Dodd-Frank Act Affects Banks, Trading, Consumers …

If you want to learn more about a legal issue, need a lawyer or want to share your legal knowledge with others, we hope that Lawyers.com is the first place you turn. But other great legal resources are available, and chief among them are bar associations. A bar association is a professional organization for attorneys. There are several types of bar associations: National associations, such as the American Bar Association, which represent the interests of attorneys nationwide State associations, such …

If someone handed you a check, no strings attached, would you take it? In this economy, many of us would consider it. The state of Texas recently sent me such a check. It wasn’t big–about $12–but it was mine for the taking. And when I say it was mine, I mean it was money I owned that the state had been holding for me. You see, I’d moved and forgotten to notify a brokerage firm of my new address, but …

When I was younger, my great uncle used to do all his business in cash.  He explained to me that the farmers he dealt with didn’t trust banks and it wasn’t unheard of for people to carry around $25,000 in their car or have it stuffed under a mattress at home.  At the time I thought that was crazy, but with banks suddenly going under I’m starting to wonder if those men weren’t on to something.   Anyone that’s seen …