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Adding insult to injury, the Consumer Financial Protection Bureau yesterday fined one of the nation’s largest credit unions $1.5 million because the rollout of a new banking platform back in 2022 did not go according to plan and left some customers unable to access their accounts or perform certain functions online. Why it matters: The action against VyStar Credit Union underscores the CFPB’s growing focus on the digital capabilities of financial institutions and their impact on cons
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It’s helpful at times to be reminded that the issue of whether a plaintiff has standing or not to pursue a case in federal court is not always up to the parties. Judges can decide whether to keep a case in federal court or remand it back to state court on their own, whether the parties want it remanded or not. A District Court judge in New York has remanded a case back to state court — where it was originally filed — even though the plaintiff withdrew her motion to remand, ruling that the
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