Tag: federal court


NY AG sues Citi over denied fraud claims

January 30, 2024

Via: Banking Dive

New York Attorney General Letitia James sued Citi in federal court Tuesday, alleging the bank fails to protect customers from fraud and refuses to reimburse victims. “Banks are supposed to be the safest place to keep money, yet Citi’s negligence […]

Capital and Risk, Insurance, Regulations

Federal Court Finds 27 Months is Too Late to File Irma Claim

November 2, 2021

Via: Insurance Journal

If the insurance policy calls for “prompt notice” of property damage after a storm, the policyholder cannot wait two years to file a claim, a federal court in Miami has ruled. In LMP Holdings vs. Scottsdale Insurance Co., the U.S. […]


US fintech community dealt blow by federal court as charter is denied

October 23, 2019

Via: Banking Technology

The OCC’s charter, which aimed to give fintechs an alternative route to a banking licence without having to go through the state, was denied by the courts as the judge sided with the plaintiff and the superintendent of the New […]

Activity, Insurance

Insurer: Not liable for Claims of Embezzlement in New Mexico Matter

October 29, 2018

Via: Insurance Journal

Another insurance company has gone to federal court in New Mexico to avoid paying millions of dollars in claims from victims whose trust funds and savings were embezzled. The Albuquerque Journal reported the Cincinnati Insurance Co., based in Fairfield, Ohio, […]