Martin & Jones Blog
filter by author: Chris Olson -- On Class Actions and Consumer Law
CARD Act Goes Into Effect
The Credit Card Accountability, Responsibility, and Disclosure Act (“CARD Act”) went into effect on February 22, 2010. The CARD Act was intended to rein in perceived abuses by credit card issuers.
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Fifth Third Bank Sued for Alleged Unfair Overdraft Fee Charges
A class action lawsuit was recently filed against Cincinnati-based Fifth Third Bank, alleging predatory overdraft fee practices.
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Recent Study Documents Sharp Decline in Number of Securities Class Actions Filings in 2009
The filing of federal security fraud class action lawsuits was down sharply in 2009 compared to both 2008 and historical averages.
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Federal Legislation Proposed to Curb Overdraft Fee Abuses
Americans pay $23.7 billion per year in overdraft fees, most of which are related to small debit card overdrafts that financial institutions could easily deny without imposing any fees.
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FTC proposes rule barring up-front fees for mortgage relief companies
The Federal Trade Commission (FTC) recently proposed a rule intended to protect distressed homeowners from foreclosure rescue and mortgage modification scams.
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Bank of America Agrees to Stop Forcing Customers into Arbitration
Bank of America Corp., one of the nation’s largest banks and credit card issuers, recently ended a requirement that disputes with the bank’s customers be settled through binding mandatory arbitration (“forced arbitration”).
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North Carolina Enacts Important Foreclosure Assistance Legislation
A very important piece of consumer protection legislation was recently passed by the North Carolina Legislature and signed into law by Governor Bev Perdue.
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Bias of Arbitration Service Exposed
The National Arbitration Forum (“NAF”), the largest arbitration company in the nation, recently announced that it would discontinue conducting consumer arbitrations.
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