Bank

The Latest: Trumps File Suit to Block Bank Subpoenas | Tacoma News Tribune

FILE-In this Feb. 1, 2019 file photo the Deutsche Bank headquarters is seen behind a lamp ahead of the annual press conference in Frankfurt, Germany. President Donald Trump has gone to court to fight an attempt by the House to obtain his business records. Two House committees subpoenaed Deutsche Bank and several other financial institutions this month as part of investigations into Trump’s …




Wilmington Trust Reaches $60M Settlement With Prosecutors

Wilmington Trust Corp., the only financial institution to be criminally charged in connection with the federal bank bailout program, reached a $60 million settlement with prosecutors Tuesday just as the corporation and four former top executives were set to go to trial on bank fraud charges. “The bank being removed from the case has really upset the strategy and planning and preparation for the …



Obama Holdover Richard Cordray: Allow Class-Action Suits Against Banks

A key Obama administration official who is still in office argued Tuesday that consumers should be able to sue banks as a group, and should be freed from financial contracts that prevent them from doing so. “[M]any contracts for products like credit cards and bank accounts have mandatory arbitration clauses that prevent consumers from joining group lawsuits, forcing them to go it alone,” wrote …



Settlement Reached in Superman Building Lawsuit

A lawsuit over the upkeep of the Superman Building in downtown Providence has been settled ahead of a trial slated to start Monday. The building’s owner was seeking millions of dollars for what he called faulty maintenance. The Superman Building, formally known as the Industrial National Bank Building, has been vacant since 2013.


Lawsuit Seeking $70M From U.S. Bank Over Unpaid Loans Advances

A Philadelphia businessman has won a series of court rulings that could clear the way for long-delayed lawsuits seeking more than $70 million against U.S. Bank, which he claims destroyed his company in a dispute over unpaid loans. The cases involve as much as $12 million that businessman Maury Rosenberg owed the bank, which through an affiliate loaned money to his company, National Medical …


Supreme Court Ruling Could Clear Way for Local Governments’ Lawsuit

A U.S. Supreme Court ruling this week could clear the way for a lawsuit by three metro Atlanta counties alleging that predatory lending practices by mortage lenders cost them hundreds of millions in lost property taxes and higher expenses in blighted neighborhoods. In a mixed ruling, the U.S. Supreme Court said cities can sue banks for alleged predatory lending practices that violate the Fair …