S&P Global Market Intelligence rounds up a selection of recent legal and regulatory developments in the bank space.
CFPB settles with State Farm Bank
The Consumer Financial Protection Bureau reached a settlement with Bloomington, Ill.-based State Farm Bank FSB.
Report: Marriott Employees FCU sued by two Marriott employees
Marriott Employees FCU is being sued by two of its members for allegedly violating the Truth in Lending Act by failing to disclose the true cost of its $500 mini-loans, the CU Times reported.
OCC terminates 2012 agreement with BankUnited NA
The Office of the Comptroller of the Currency on Nov. 28 terminated a February 2012 agreement with Miami Lakes, Fla.-based BankUnited NA.