Another
jury says Wells Fargo infringed on RDC patents
The Texas jury in a
second lawsuit brought by USAA against Wells Fargo also determined that Wells
Fargo had willfully infringed on USAA's remote deposit capture (RDC) technology
patents. The first lawsuit – with a different jury – resulted in $200 million
in damages; this most recent decision orders Wells Fargo to pay an additional $103 million in damages.
SCOTUS
to consider constitutionality of TCPA provision
The U.S. Supreme Court
Friday granted a petition to review a lawsuit challenging the constitutionality
of the government-backed debt collection exception of the Telephone Consumer Protection
Act (TCPA). Under the exception, calls intended to collect a debt owed to or guaranteed by the U.S. are exempt from the TCPA.
Marijuana
banking, risks focus of webinar today
Marijuana-related businesses
(MRBs) and the risks associated with providing them financial services are the
focus of today’s webinar moderated by Kaley Schafer, NAFCU’s regulatory affairs
counsel. The webinar aims to provide a baseline understanding of how to analyze
the risks involved in servicing MRBs and will recommend best practices for setting
up a cannabis banking program. Understanding how technology can increase compliance will also be discussed.
$200.00 Savings
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NAFCU Strategic Growth Conference
Oral
arguments set for challenge to FCUs' ability to file suit in federal court
Oral arguments have been set for March 17-20 in Navy Federal Credit Union's
appeal of a lower-court decision that determined the credit union did not have
diversity jurisdiction to file a federal lawsuit. NAFCU in May filed an amicus brief in support of Navy Federal.
NAFCU
priorities, NCUA and CFPB updates on NAFCU committee agenda
NAFCU today
will update members of its Regulatory Committee on proposed rulemakings currently
open for comment from the NCUA, CFPB, and other agencies, as well as provide an
overview of NAFCU’s 2020 advocacy priorities.
House
passes NAFCU-supported bills related to NCUA transparency, MDIs
The
House Monday passed three NAFCU-supported bills, two of which are intended to
increase transparency at federal financial regulators – including the NCUA –
and another one that provides support for minority depository institutions (MDIs).
They now head to the Senate for consideration.
