June 05, 2024
A Minnesota bank industry group is appealing its federal district court loss in litigation over Federal Deposit Insurance Corporation guidance proscribing non-sufficient funds fees, or NSF fees, the organization said Wednesday.
April 09, 2024
The Federal Deposit Insurance Corporation no longer faces a bank industry group's suit alleging its guidance on nonsufficient funds fees violated federal law after a Minnesota federal judge found the group put "the cart before the horse" in presuming certain FDIC guidance would be binding.
February 16, 2024
An industry group has shot back at the Federal Deposit Insurance Corp.'s bid to exit a suit over recent guidance warning banks about charging repeated nonsufficient funds fees, saying the guidance was issued without observing Administrative Procedures Act requirements and exceeds the FDIC's statutory authority.
September 19, 2023
The Federal Deposit Insurance Corp. has urged a Minnesota federal court to throw out an industry group's lawsuit over recent agency guidance that warned banks about charging repeated non-sufficient funds fees, saying the case is a "transparent effort" to curb future enforcement.
July 20, 2023
A Minnesota community bank and a state bankers trade group sued the Federal Deposit Insurance Corp. on Thursday, challenging recent overdraft-related fee guidance issued by the agency, arguing that the guidance is actually an improperly issued and invalid rule.