Mandated Interest Rates Increase for Escrow/Special Purpose Accounts

Maryland law requires depository institutions doing business in Maryland that make first lien residential real property loans and maintain escrow accounts for those loans to pay a minimum rate of i

Loan Documents May Waive Creditor Bankruptcy Rights

While it is universally recognized that a debtor cannot waive its right to file for bankruptcy, there is little authority concerning whether a creditor can waive its bankruptcy rights in pre-bankru

Foreclosure Trustee Cannot be "Debt Collector" Under FDCPA

The 9th Circuit Court of Appeals recently rejected reasoning provided by both the 4th Circuit and 6th Circuit and affirm

Liability Under FDCPA for Filing Time-Barred Proofs of Claim?

We previously reported how the United States Supreme Court has granted review of a case from the 11th Circuit to determine if a debt buyer violates the Fair Debt Collection Practices Act (FDCPA) by

CFPB Auto-Debit Consent Order

A recent CFPB consent order highlights the importance of properly drafted authorizations for

Watch Your Incentive Programs

The CFPB recently released a compliance bulletin addressing the use of incentive compensation prog

Maryland Legal Alert - January 2017

In This Issue: WATCH YOUR INCENTIVE PROGRAMS CFPB AUTO-DEBIT CONSENT ORDER

Legal Bulletin - Credit Union Edition - January 2017

This Legal Bulletin from Gordon Feinblatt LLC is sent to you to keep you updated on Maryland legal developments affecting credit unions.

Need for Security Interest to Offset Credit Card Debt

It is always good to remember that the federal Truth in Lending Act (TILA) and its implementing Regulation Z have special rules regarding offset that apply only to credit card accounts.

Overdraft Class Actions Based on Account Agreement Language

Several credit unions in Maryland have been targets of class action lawsuits concerning overdraft practices.  A California firm that previously brought claims against several large banks (and