Electronic Fund Transfer Act

McCune Law Group Files Class Action Lawsuit Challenging AAA Mass Arbitration Rules

Retrieved on:

Thursday, February 15, 2024

Regulation, Financial services, ATM, Electronic Fund Transfer Act, FDIC, CFPB, MLG, Wells Fargo, AAA, Consumer, American Arbitration Association, Federal Deposit Insurance Corporation

ONTARIO, Calif., Feb. 15, 2024 /PRNewswire/ -- On February 8, 2024, McCune Law Group (MLG), a national consumer firm dedicated to upholding consumer rights, filed a class action lawsuit alleging that consumers were misled by Wells Fargo's overdraft fee policies and that the American Arbitration Association (AAA) has allowed Wells Fargo to evade accountability.

Key Points:

The lawsuit alleges Wells Fargo violated Regulation E by charging consumers overdraft fees on one-time debit card and ATM transactions without proper disclosures and procedures.
MLG's class action lawsuit against Wells Fargo highlights an apparent unfair advantage for Wells Fargo, which has faced many lawsuits in previous years for allegedly unreasonable or unlawful practices.
"This class action lawsuit against Wells Fargo highlights the importance of financial institutions adhering to regulations designed to protect consumers," states Emily J. Kirk , the MLG's Financial Services Practice Group Leader.
To obtain comments from Richard McCune or Emily Kirk regarding this case matter, contact McCune Law Group's Public Relations department at [email protected] .

Community Bankers Association of Georgia Associate Member FraudXchange Offers a Solution to Help Banks Fight Check Fraud

Retrieved on:

Wednesday, February 7, 2024

Intelligence, Frustration, Combat, CBA, Electronic Fund Transfer Act, Fraud, Regulation, NCUA, Theft, FFIEC, Communication, Human, API, Trust, Applied mechanics, Data, Cryptocurrency

BIRMINGHAM, Ala., Feb. 7, 2024 /PRNewswire-PRWeb/ -- The Community Bankers Association of Georgia associate member FraudXchange introduces a suite of fraud prevention solutions exclusively for CBA of Georgia members. Georgia banks must be an eligible member of CBA of Georgia to enroll.

Key Points:

BIRMINGHAM, Ala., Feb. 7, 2024 /PRNewswire-PRWeb/ -- The Community Bankers Association of Georgia associate member FraudXchange introduces a suite of fraud prevention solutions exclusively for CBA of Georgia members.
The FraudXchange's solutions offered exclusively to Community Bankers Association of Georgia member banks provide an option to help our members to fight back.
In response to the check fraud crisis and the frustrations expressed by financial institutions, FraudXchange has developed three solutions to help community banks combat fraud.
The FraudXchange's solutions offered exclusively to Community Bankers Association of Georgia member banks provide an option to help our members to fight back," said John McNair, President & CEO of the Community Bankers Association of Georgia.

Investigation Alert Apellis Pharmaceuticals, KeyCorp, ACI Worldwide, and Applied Digital: Johnson Fistel, LLP Encourages Long-Term Investors to Submit Their Information Below

Retrieved on:

Tuesday, January 16, 2024

Johnson Fistel, LLP is investigating potential claims on behalf of Apellis Pharmaceuticals against certain of its officers and directors.

Key Points:

Johnson Fistel, LLP is investigating potential claims on behalf of Apellis Pharmaceuticals against certain of its officers and directors.
If you have continuously owned Apellis Pharmaceuticals shares since before January 28, 2021, submit your information below:
Recently a class action lawsuit was filed against the company.
Johnson Fistel, LLP is investigating potential claims on behalf of KeyCorp against certain of its officers and directors.
Due to weaknesses in its information security practices, ACI caused the erroneous bill payment orders to be sent to consumers’ banks for processing.

New Consortium Launches to Assist Financial Institutions with Managing Check Fraud

Retrieved on:

Thursday, January 4, 2024

Regulation, Theft, NCUA, UCC, Federal Reserve Bank, FFIEC, Frustration, Fraud, Knowledge, Electronic Fund Transfer Act, Empower, Telegraphy, Fed, Data, Intelligence, Communication, Cryptocurrency

BIRMINGHAM, Ala., Jan. 4, 2024 /PRNewswire-PRWeb/ -- Though today's financial landscape is rapidly evolving, checks remain a consistent form of payment. Unfortunately, since the pandemic, the financial institutions across the United States have experienced a significant increase in check fraud, partially due to mail theft.

Key Points:

Financial institutions can join this cooperative network to share insights, strategies, and intelligence related to fraud prevention.
With the aim of empowering financial institutions to combat check fraud effectively, FraudXchange aims to improve security and reduce losses in the financial sector.
Unfortunately, since the pandemic, the financial institutions across the United States have experienced a significant increase in check fraud, partially due to mail theft.
Data recently released from the Financial Crimes Enforcement Network showing that through the end of October 2023, depository institutions had filed more than 440,000 suspicious activity reports pertaining to check fraud, does indeed indicate another record setting year for check fraud.

Investigation Alert Apellis Pharmaceuticals, KeyCorp, ACI Worldwide, and Applied Digital: Johnson Fistel, LLP Encourages Long-Term Investors to Submit Their Information Below

Retrieved on:

Thursday, December 14, 2023

Johnson Fistel, LLP is investigating potential claims on behalf of Apellis Pharmaceuticals against certain of its officers and directors.

Key Points:

Johnson Fistel, LLP is investigating potential claims on behalf of Apellis Pharmaceuticals against certain of its officers and directors.
If you have continuously owned Apellis Pharmaceuticals shares since before January 28, 2021, submit your information below:
Recently a class action lawsuit was filed against the company.
Johnson Fistel, LLP is investigating potential claims on behalf of KeyCorp against certain of its officers and directors.
Due to weaknesses in its information security practices, ACI caused the erroneous bill payment orders to be sent to consumers’ banks for processing.

Investigation Alert Apellis Pharmaceuticals, KeyCorp, ACI Worldwide, and Applied Digital: Johnson Fistel, LLP Encourages Long-Term Investors to Submit Their Information Below

Retrieved on:

Wednesday, December 6, 2023

Johnson Fistel, LLP is investigating potential claims on behalf of Apellis Pharmaceuticals against certain of its officers and directors.

Key Points:

Johnson Fistel, LLP is investigating potential claims on behalf of Apellis Pharmaceuticals against certain of its officers and directors.
If you have continuously owned Apellis Pharmaceuticals shares since before January 28, 2021, submit your information below:
Recently a class action lawsuit was filed against the company.
Johnson Fistel, LLP is investigating potential claims on behalf of KeyCorp against certain of its officers and directors.
Due to weaknesses in its information security practices, ACI caused the erroneous bill payment orders to be sent to consumers’ banks for processing.

The End-to-End Digital Car Deal: Advent Resources Debuts Groundbreaking Integrated Partnership with RouteOne

Retrieved on:

Tuesday, November 28, 2023

DMS, Workflow, History, Paper, Electronic Fund Transfer Act, Partnership, Car dealership, Retail, Online shopping, Advent, DALLAS

DALLAS, Nov. 28, 2023 /PRNewswire-PRWeb/ -- Advent Resources, creator of the most sophisticated all-in-one car sales system for dealers, has unveiled a collaborative initiative with RouteOne to simplify, transform, and enhance the dealership e-contracting process. This move centralizes and digitizes the car deal, drastically reducing inefficiencies in the traditional process.

Key Points:

Contract Validation: Before producing all sales documents, Advent and RouteOne confirm all contract parameters within Advent Advantage.
"Our alliance with RouteOne represents a significant milestone in our relentless obsession to transform how our partners sell to car buyers," said Ben Gill, CEO of Advent Resources.
"RouteOne is pleased to build on our long and successful history with Advent Resources by creating an industry-leading integration with Advent Advantage," said Justin Oesterle, CEO of RouteOne.
For a comprehensive understanding of Advent Resources and its suite of solutions, or to schedule a demo, visit https://adventresources.com .

Comerica Incorporated: Please contact the Portnoy Law Firm to recover your losses; October 20, 2023 deadline.

Retrieved on:

Friday, October 13, 2023

NYSE, Fraud, Electronic Fund Transfer Act, CMA, Office of Federal Contract Compliance Programs, Light, Federal, Regulation, Life insurance, Online shopping, Pharmaceutical industry, Comerica

LOS ANGELES, Oct. 12, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Comerica Incorporated (NYSE: CMA) investors that a lawsuit filed on behalf of investors that purchased Comerica securities between February 9, 2021 and May 29, 2023, both dates inclusive (the “Class Period”).

Key Points:

Investors are encouraged to contact attorney Lesley F. Portnoy , by phone 844-767-8529 or email : [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com .
The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
According to the lawsuit, the defendants were accused of making false and/or misleading statements or omitting important information during the specified Class Period.
The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing.

CONTINUED INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Announces Securities Investigation into Discover Financial Services (DFS)

Retrieved on:

Monday, October 9, 2023

Transfer, DFS, News, CFPB, NYSE, Electronic Fund Transfer Act, Consumer, Discover Financial, Law, Discover

If you purchased or otherwise acquired Discover securities and have since suffered a loss, realized or unrealized, you are encouraged to contact Scott+Scott attorney Jonathan Zimmerman at (888) 398-9312, or via email at [email protected] , for more information.

Key Points:

If you purchased or otherwise acquired Discover securities and have since suffered a loss, realized or unrealized, you are encouraged to contact Scott+Scott attorney Jonathan Zimmerman at (888) 398-9312, or via email at [email protected] , for more information.
In 2020, the CFPB issued a consent order against Discover based on its findings that Discover violated the prior CFPB order, the Electronic Fund Transfer Act, and the Consumer Financial Protection Act of 2010.
On this news, the price of Discover stock fell by $8.49 per share, or 7.8%, to close at $100.00 per share on July 21, 2022.
If you purchased or otherwise own Discover securities, and you wish to discuss this investigation, please contact attorney Jonathan Zimmerman at (888) 398-9312 or at [email protected] .

Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed on Behalf of Comerica Incorporated (CMA) Investors and Encourages Investors to Contact the Firm Before October 20, 2023

Retrieved on:

Wednesday, October 4, 2023

Legal, Professional Services, Kirby, CMA, Office of Federal Contract Compliance Programs, Central District, Electronic Fund Transfer Act, Regulation, District court, American Banker, Court, Federation, Fraud, Douglas v. U.S. District Court ex rel Talk America, News, NYSE, Comerica

Investors have until October 20, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points:

Investors have until October 20, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The next day, the price of Comerica shares declined another $1.49 per share, or approximately 3.96%, to close at $36.10 on May 31, 2023.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation.
The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars.