Newsroom
August 26, 2016
NAFCU, trades to file amicus brief in Wells Fargo case
NAFCU and eight other financial trade associations will file an amicus brief today to raise concerns about a Supreme Court case involving interpretations of the Fair Housing Act.
Wells Fargo petitioned the Supreme Court in March to consider whether the city of Miami has the legal right to sue banks for alleged violations of the Fair Housing Act. The 11th U.S. Circuit Court of Appeals ruled in favor of Miami in September 2015; Wells Fargo is appealing. NAFCU and the other financial trades filed an amicus brief in April in support of a petition for a writ of certiorari, which was granted.
Miami had been suing banks over the alleged targeting of minorities for predatory loans, according to the Miami Herald. The trades' amicus brief raises concerns about a municipality representing itself as an "aggrieved person" under the Fair Housing Act.
NAFCU joined the American Bankers Association, Financial Services Roundtable, CUNA and the Independent Community Bankers Association, among others, to raise the concerns in an amicus brief about the potential long term impact of the case on its members, as many similar suits are ongoing and increasing across the country.
Wells Fargo petitioned the Supreme Court in March to consider whether the city of Miami has the legal right to sue banks for alleged violations of the Fair Housing Act. The 11th U.S. Circuit Court of Appeals ruled in favor of Miami in September 2015; Wells Fargo is appealing. NAFCU and the other financial trades filed an amicus brief in April in support of a petition for a writ of certiorari, which was granted.
Miami had been suing banks over the alleged targeting of minorities for predatory loans, according to the Miami Herald. The trades' amicus brief raises concerns about a municipality representing itself as an "aggrieved person" under the Fair Housing Act.
NAFCU joined the American Bankers Association, Financial Services Roundtable, CUNA and the Independent Community Bankers Association, among others, to raise the concerns in an amicus brief about the potential long term impact of the case on its members, as many similar suits are ongoing and increasing across the country.
Share This
Related Resources
Add to Calendar 2024-04-15 09:00:00 2024-04-15 09:00:00 Mergers and Acquisitions: Unifying Two Different Executive Total Compensation and Benefits Programs Listen On: Key Takeaways: [03:50] With the merger of a smaller credit union into a larger one you are really only dealing with integrating staff into the larger credit union. [05:53] When working with a merger of equals we start with a deep dive into the executive compensation and benefits of each organization. [09:09] If your current executive benefits provider doesn’t conduct regular plan evaluations, consider having a plan audit anyway. [13:46] Don’t overpay for these things if you don’t have to. When you have more options available that means the cost is more appropriate. [17:11] It is in a unified organization’s best interest to do tier timelines where we look at your top executives who are critical to the unified organization’s success today and then slowly add in the next levels. Web NAFCU digital@nafcu.org America/New_York public
Mergers and Acquisitions: Unifying Two Different Executive Total Compensation and Benefits Programs
preferred partner
Gallagher
Podcast
Add to Calendar 2024-04-11 14:00:00 2024-04-11 14:00:00 Regulation E: Impacts Across Your Institution Dive into regulatory excellence with, Regulation E: Impacts Across Your Institution. This webinar is tailored to empower you with the knowledge and strategies necessary to effectively implement the Electronic Funds Transfer Act (EFTA) and Regulation E within your operations. You’ll explore how to apply Regulation E across various business areas to ensure compliance obligations are met with precision. Key Takeaways Learn the basics of EFTA and Regulation E Understand how to apply Regulation E at your organization to detect processes and transactions that require Regulation E compliance Discover how Regulation E may apply to a large breath of areas in your institutions and functions for which you may rely on third-party vendors Review recent enforcement activity for non-compliance with EFTA and Regulation E Register Now $295 Members | $395 Nonmembers(Additional $50 for USB)One registration gives your entire team access to the live webinar and on-demand recording until April 11, 2025Go to the Online Training Center to access the webinar after purchase » Who Should Attend NCCOs NCRMs Compliance and risk titles Education Credits NCCOs will receive 1.0 CEUs for participating in this webinar NCRMs will recieve 1.0 CEUs for participating in this webinar Web NAFCU digital@nafcu.org America/New_York public
Regulation E: Impacts Across Your Institution
Credits: NCCO, NCRM
Webinar
Refining the Consumer Loan Experience
Credit Unions, Education, Consumer Lending, Growth & Retention, Current Affairs, Marketing
preferred partner
Securian Financial
Blog Post
IRS SECURE 2.0 “Grab Bag” Guidance: Other Issues
Retirement, Credit Unions
preferred partner
Pentegra
Blog Post
Get daily updates.
Subscribe to NAFCU today.