Electronic Fund Transfer Act Archives | Schnader Harrison Segal & Lewis LLP

Employers Should Proceed with Caution in Using Payroll Cards

On September 25, 2013 by Schnader in Labor and Employment

By Scott J. Wenner On September 12,2013, the Consumer Financial Protection Bureau (CFPB) published CFPB Bulletin 2013-10. The stated purpose of this publication was “to reiterate the application of the Electronic Fund Transfer Act (EFTA) and Regulation E, which implements the EFTA, to payroll card accounts. “ However, the agency’s press […]

The Seventh Circuit Suggests that Cy Pres Still Has a Place in Class Actions When Potential Individual Awards Seem Too Small to Justify Class Treatment

On September 17, 2013 by Schnader in Finance

By Ira Neil Richards and Gary M. Goldstein A ruling last week out of the Seventh Circuit, Hughes v. Kore of Indiana Enterprise, Inc., suggests that cy pres can be used as a remedy for a class to support class certification even when the size of potential damages awards to […]

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Employers Should Proceed with Caution in Using Payroll Cards

The Seventh Circuit Suggests that Cy Pres Still Has a Place in Class Actions When Potential Individual Awards Seem Too Small to Justify Class Treatment

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